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440 East 81st Street, New Y...

Rita Kalimian Sakhaie Acquires Apartment In Yorkville, Manhattan For $19.6M
SOLDMultiFamily

Rita Kalimian Sakhaie Acquires Apartment In Yorkville, Manhattan For $19.6M

440 East 81st Street, New York City, New York 10028, United States

$19,612,500

$349/SF

Building Size

56,091 SF

Asset Type

MultiFamily

Closing

Apr 28, 2022

AI

An apartment located at 440 East 81st Street in Yorkville, Manhattan has been sold in a closed transaction. The property is zoned as R8B and has a lot size of 10,217 square feet. The apartment features a total of 56,091 square feet of space, with a price per square foot of $349. The total transaction price for the property was $19,612,500, with a building square footage (BSF) of 40,868 and a price per BSF of $479. The property has a floor area ratio (FAR) of 5.49 and is classified under tax class 2. Permits for alterations were issued on June 17, 2013, for this property, and the lot dimensions are 100 feet by 102.17 feet.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $19,612,500
  • Zoning: R8B
  • Market: Yorkville, Manhattan
  • Lot Size: 10,217 sqft
  • BSF: 40,868 sqft
  • PPBSF: $479
  • SF: 56,091 sqft
  • PPSF: $349
  • FAR: 5.49
  • Tax Class: 2
  • Permits: Alteration 2 (06/17/2013)
  • Lot Dimension: 100 ft x 102.17 ft

Rita Kalimian Sakhaie has purchased the property located at 440 East 81st Street. The seller of the property is Albert Kalimian.

Players

Rita Kalimian Sakhaie

Buyer

$120.9M

vol

5 deals

Buyer

Albert Kalimian

Seller

$760.5M

vol

13 deals

Seller

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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93