Updated Jan 22, 2025
Akiva Milgraum Of KJM Holdings Acquires Multifamily Property For $14.1M
529 East 85th Street
$14,100,000
$364/SF
Building Size
38,700 SF
Asset Type
MultiFamily
Closing
Jan 16, 2025
About this deal
AI
The multifamily property located at 529 East 85th Street in the Upper East Side has been sold for $14,100,000. The asset consists of 30 units, providing a price per unit of $470,000. With a total square footage of 38,700, the price per square foot stands at $364.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Units: 30
- Price per Unit: $470,000
- Square Footage: 38,700
- Price per Square Foot: $364
- Buyer: Akiva Milgraum - KJM Holdings
- Brokers: Brett Weisblum & Will Conrad - Cushman & Wakefield
- Market: Upper East Side
The transaction was facilitated by brokers Brett Weisblum and Will Conrad from Cushman & Wakefield, representing the buyer Akiva Milgraum of KJM Holdings in this multifamily property acquisition.
On the Map
$14,100,000
$364/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Brett Weisblum to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93