Parke Leatherman & Jonathan Leifer Acquire Multifamily Property In Upper East Side For $9M
324 East 84th Street, Brooklyn, New York 11236, United States
$9,000,000
$534/SF
Building Size
16,840 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93