Updated Dec 4, 2024
Jason Park Acquires Multifamily Property On East 83rd Street, Yorkville, Manhattan For $6.95M
532 East 83rd Street
$6,950,000
$844/SF
Building Size
8,230 SF
Asset Type
MultiFamily
Closing
Jan 3, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 532 East 83rd Street in the Yorkville neighborhood of Manhattan. The property consists of 11 units with a sale price of $6,950,000, resulting in a price per unit of $631,818. The total square footage of the property is 8,230, with a price per square foot of $844.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,950,000
- Units: 11
- Price Per Unit: $631,818
- Square Footage: 8,230
- Price Per Square Foot: $844
- Address: 532 East 83rd Street
- Market: Yorkville, Manhattan
The buyer in this transaction is Jason Park, while the seller is Sean Lavin. The brokers involved in the deal are Shay Zach from GAIA Property Group and Jin Hee Son from Brooklyn Real Property Inc.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93