Haimof Group Acquires Multifamily Property On East 83rd Street For $10M
417 E 83rd St, New York, NY 10028, USA
$10,000,000
$13,333/SF
Building Size
750 SF
Asset Type
MultiFamily
Closing
Nov 27, 2018
AI
The multifamily property located at 417 East 83rd Street has been sold for a price of $10,000,000. With a price per square foot (PPSF) of $603, the property spans a total of 16,572 square feet and consists of 25 units. The transaction took place on 11/28/2018.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- PPSF: $603
- Units: 25
Haimof Group, represented by Kamyar Haimof, acted as the buyer in this transaction. On the other side, the seller included Blackstone and Fairstead.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93