Mehran Dayanzadeh Acquires Multifamily Property On Upper East Side For $4.6M
SOLD
$4,600,000
New York
See Similar DealsMultiFamily8,420 SF
Sold 09/24/2021
SOLD
Mehran Dayanzadeh Acquires Multifamily Property On Upper East Side For $4.6M
328 East 84th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily8,420 SF
Sold 09/24/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:8,420 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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