Updated Oct 29, 2024
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
About this deal
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.
On the Map
$10,000,000
$13,333/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
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