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328 East 84th Street, Manha...

Mehran Dayanzadeh Acquires Multifamily Property On Upper East Side For $4.6M
SOLDMultiFamily

Mehran Dayanzadeh Acquires Multifamily Property On Upper East Side For $4.6M

328 East 84th Street, Manhattan, New York, NY, USA

$4,600,000

$546/SF

Building Size

8,420 SF

Asset Type

MultiFamily

Closing

Sep 24, 2021

AI

A multifamily property located at 328 East 84th Street in the Upper East Side was recently sold for a total of $4,600,000. The property consists of 20 units, with each unit valued at an average of $230,000. The total square footage of the property is 8,420, resulting in an average price per square foot of $546.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,600,000
  • Units: 20
  • Price per Unit: $230,000
  • Square Footage: 8,420
  • Price per Square Foot: $546
  • Address: 328 East 84th Street
  • Market: Upper East Side

The buyer of the property was Mehran Dayanzadeh, while the sellers were Joan Dunn and Robert Dunn. The deal was facilitated by brokers John J. Stewart and Nicholas Biedron from Marcus & Millichap.

Players

Nicholas Biedron

Binswanger

Broker

$57.2M

vol

11 deals

Broker

Mehran Dayanzadeh

Buyer

$12.5M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93