Aulder Capital Acquires Multifamily Property In Yorkville, Upper East Side For $21.7M
SOLD
$21,700,000
New York
See Similar DealsMultiFamily31,152 SF
Sold 06/22/2020
SOLD
Aulder Capital Acquires Multifamily Property In Yorkville, Upper East Side For $21.7M
409 East 84th Street, New York, NY, USA
See Similar DealsMultiFamily31,152 SF
Sold 06/22/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$696
Total Square Footage:31,152 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,157,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$77,095.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,869.07
Annual Debt Service$1,234,428.85
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