Updated Dec 21, 2023
Daniel Kort Acquires Yorkville Multifamily For $5.4M
530 E 87th St,Yorkville
$5,400,000
$170/SF
Building Size
31,640 SF
Asset Type
MultiFamily
Closing
Oct 14, 2020
About this deal
AI
The multifamily property located at 530 E. 87th St. in Yorkville has been sold in a closed transaction. The sale took place on October 15, 2020, with a sale price of $5,400,000. The property has a total square footage of 3,164 and a price per square foot of $1,706. The buyer in the transaction was Daniel Kort, while the seller was Jennifer Wetsel Laird. The property was listed by Cathy Franklin, Alexis Bodenheimer, and Marion Smith from The Corcoran Group. The transaction was financed by Wells Fargo.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Address: 530 E. 87th St.
- Market: Yorkville
- Square Footage: 3,164
- Price per Square Foot: $1,706
- Buyer: Daniel Kort
- Seller: Jennifer Wetsel Laird
- Brokers: Cathy Franklin, Alexis Bodenheimer, Marion Smith - The Corcoran Group
- Lender: Wells Fargo
Congratulations to all parties involved in the successful sale of this multifamily property in Yorkville!
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93