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431 East 87th Street, New Y...

Abraham Stawski Acquires Apartment Building In Yorkville, Manhattan For $11.25M
SOLDMultiFamily

Abraham Stawski Acquires Apartment Building In Yorkville, Manhattan For $11.25M

431 East 87th Street, New York City, New York 10128, United States

$11,250,000

$1,002/SF

Building Size

11,222 SF

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

The property involved in this transaction is located at 431 East 87th Street in the Yorkville neighborhood of Manhattan. It is classified as an apartment building and has a zoning designation of R8B. The property was sold on June 30, 2022.

Summary of transation details

  • Property Type: Apartment
  • Transaction Amount: $11,250,000
  • Address: 431 East 87th Street
  • Market: Yorkville, Manhattan

The buyer of the property was Abraham Stawski, while the seller was Sean J. Lavin. The sale price for the property was $11,250,000. The building has a total building square footage (BSF) of 11,480, equating to a price per BSF of $979. The total square footage (SF) of the property is 11,222, with a price per SF of $1,002. The property has a floor area ratio (FAR) of 3.91 and a tax class of 2.

The lot size of the property is 2,870 square feet. The property was last sold on January 4, 2016, for a price of $5,000,000. It has also obtained permits for alteration 2 on April 12, 2018. The lot dimensions are 28.5 feet by 100.71 feet.

Players

Abraham Stawski

Buyer

$32.5M

vol

3 deals

Buyer

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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93