Updated Oct 29, 2024
SOLDMultiFamily
JAM Real Estate Partners Acquires MultiFamily Property In Upper East Side, New York For $8.5M
529 E 83rd St, New York, NY 10028, USA
Building Size
91,850 SF
Asset Type
MultiFamily
Closing
Mar 19, 2018
About this deal
AI
A multi-family property located at 529 East 83rd Street in New York City's Upper East Side has been sold for $8,500,000. The property spans 9,185 square feet and has a price per square foot of $925. It consists of 15 units, with a price per unit of $566,000.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $8,500,000
- Square Footage: 9,185 sf
- Price Per Square Foot: $925
- Number of Units: 15
- Price Per Unit: $566,000
JAM Real Estate Partners – Pinchasick has acquired the property from Stone Street in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93