Updated Oct 28, 2024
Aulder Capital Acquires Multifamily Property In Yorkville, Upper East Side For $21.7M
409 East 84th Street, New York, NY, USA
$21,700,000
$696/SF
Building Size
31,152 SF
Asset Type
MultiFamily
Closing
Jun 22, 2020
About this deal
AI
A multifamily property located at 409-413 East 84th Street in Yorkville, Upper East Side has been sold for a total of $21,700,000. The property consists of 48 units, with a per unit price of $452,083. The total square footage of the property is 31,152, resulting in a price per square foot of $696. The Gross Rent Multiplier (GRM) for this transaction is 16.4x, and the capitalization rate (CAP) is 4%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,700,000
- Market: Yorkville, Upper East Side
The buyer of the property is Aulder Capital, while the seller is Henley Investments. The deal was facilitated by Amit Doshi & Shallini Mehra, representing Meridian Capital Group as brokers.
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93