Updated Oct 25, 2024
Aaron Jungreis Acquires UES Manhattan Multifamily For $4.45M
43 East 67th Street, New York, NY 10065
$4,450,000
$730/SF
Building Size
6,094 SF
Asset Type
MultiFamily
Closing
May 22, 2019
About this deal
AI
Located in the Upper East Side of Manhattan, the multifamily property at 43 E 67th St has recently been sold. The transaction took place on May 23, 2019, with a sale price of $4,450,000. Spanning across 6,094 square feet, the property commanded a price per square foot of $730. The seller of the property was the Boley Family, while the buyer was Aaron Jungreis.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Market: UES, Manhattan
- Address: 43 E 67th St
- Buyer: Aaron Jungreis
- Seller: Boley Family
- Broker: Mike Kerwin of Rosewood Realty Group NY
Representing the buyer in this transaction was Aaron Jungreis, a notable figure in the real estate industry. The seller, Boley Family, entrusted the sale to Mike Kerwin from Rosewood Realty Group NY. The sale of this multifamily property marks a significant investment in the Upper East Side market of Manhattan.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93