Parke Leatherman & Jonathan Leifer Acquire Multifamily Property In Upper East Side For $9M
SOLD
$9,000,000
New York
See Similar DealsMultiFamily16,840 SF
Sold 01/31/2022
SOLD
Parke Leatherman & Jonathan Leifer Acquire Multifamily Property In Upper East Side For $9M
324 East 84th Street, Brooklyn, New York 11236, United States
See Similar DealsMultiFamily16,840 SF
Sold 01/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$534
Total Square Footage:16,840 SF
Transaction Type:Sale
A multifamily property located at 324-326 E. 84th St. on the Upper East Side was recently sold for $9,000,000. The property consists of 40 units with an average price per unit of $225,000. The total square footage of the property is 16,840, resulting in a price per square foot of $534.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $9,000,000
- Units: 40
- Price Per Unit: $225,000
- Square Footage: 16,840
- Price Per Square Foot: $534
The buyers of the property are Parke Leatherman and Jonathan Leifer. They acquired the property from Milton Taube. The transaction was facilitated by brokers Jonny Yuran and Ron Solarz from Newmark.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
Is there something missing? Send suggestions