facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

519 East 84th Street, New Y...

Updated Dec 18, 2023

Darian Salazar Acquires Multifamily Property In Canarsie For $7.25M
SOLDMultiFamily

Darian Salazar Acquires Multifamily Property In Canarsie For $7.25M

519 East 84th Street, New York City, New York 10028, United States

$7,250,000

$1,812/SF

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

Feb 15, 2022

About this deal

AI

Located at 519 East 84th Street in Canarsie, Manhattan, this multifamily property was recently sold in a closed transaction. The property is zoned as M1-1 and has a total lot size of 4,000 square feet. It features a building square footage (BSF) of 4,000 and a price per BSF of $1,812. The property has a floor area ratio (FAR) of 1.00 and falls under tax class 4. Notably, the property obtained an alteration permit on July 6, 2017.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,250,000
  • Buyer: Darian Salazar
  • Seller: Joseph Faccibene Jr
  • Price per Square Foot (PPSF): $1,812
  • Square Footage (SF): 4,000
  • Lot Size: 4,000 square feet
  • Lot Dimension: 50 ft x 80 ft
  • Permits: Alteration 2 (07/06/2017)

In this transaction, Darian Salazar served as the buyer, acquiring the property from Joseph Faccibene Jr. While the deal price was $7,250,000, the price per square foot stood at $1,812. The transaction involved a property with a lot size of 4,000 square feet and a building square footage of 4,000. The lot has dimensions measuring 50 ft x 80 ft. It's worth mentioning that an alteration permit was obtained for the property on July 6, 2017.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $1.8K per square foot on a published $7.3M for 4,000 square feet (2022).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets