Updated Dec 21, 2023
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
About this deal
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.
On the Map
$4,600,000
$546/SF
MultiFamily
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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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93