facebook
Traded Co logo
Submit

Jared Pinchasick Acquires Yorkville Multifamily For $19M

Property Image
SOLD
$19,000,000

New York

See Similar Deals
MultiFamily34,748 SF
Sold 01/14/2022
the dealplayerscompscontact
Property Image
SOLD

Jared Pinchasick Acquires Yorkville Multifamily For $19M

328 East 89th Street, Brooklyn, New York 11236, United States

See Similar Deals
MultiFamily34,748 SF
Sold 01/14/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:34,748 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 324, 326, 327, and 328 East 89 Street in the Yorkville neighborhood of Manhattan. It was sold for a total price of $19,000,000. The building has a gross building area of 40,672 square feet, with a price per gross square foot of $467. The total square footage is 34,748, resulting in a price per square foot of $546. The property's floor area ratio (FAR) is 3.21 and it falls under tax class 2B. The lot size measures 2,517 square feet, with dimensions of 25 feet by 100.67 feet. There are two alteration permits filed, the latest dated September 13, 2005.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $19,000,000
  • Buyer: Jared Pinchasick
  • Seller: Christopher E Grell
  • Gross Building Area: 40,672 sq ft
  • Price per Gross Square Foot: $467
  • Total Square Footage: 34,748 sq ft
  • Price per Square Foot: $546
  • Floor Area Ratio: 3.21
  • Tax Class: 2B
  • Lot Size: 2,517 sq ft
  • Lot Dimensions: 25 ft x 100.67 ft
  • Permits: Alteration 2 (09/13/2005)

The transaction was facilitated by Jared Pinchasick as the buyer and Christopher E Grell represented the seller. Each party played a significant role in the negotiation and execution of the sale, but their specific broker representatives have not been identified in the context provided.

Players

Jared Pinchasick
14 deals$183.4M volume(646) 688-5895
BROKER

Jared Pinchasick
JAM Real Estate Partners
14 deals$183.4M volume
BUYER

Details

SOLD
IMAGE: 01/14/2022 ADDRESS: 324,326,327,328 East 89 Street MARKET: Yorkville, Manhattan ASSET TYPE: Multifamily BUYER: Jared Pinchasick SELLER: Christopher E Grell PRICE: $19,000,000 BSF: 40,672 ~ PPBSF: $467 SF: 34,748 ~ PPSF: $546 FAR: 3.21 TAX CLASS: 2B LOT SIZE: 2,517 PERMITS: Alteration 2 (09/13/2005) LOT DIMENSION: 25 ft x 100.67 ft

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32