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530 E 87th St,Yorkville

Updated Dec 21, 2023

Daniel Kort Acquires Yorkville Multifamily For $5.4M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $170 per square foot on a published $5.4M for 31,640 square feet (2020).

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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

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