Yehuda Cohen Sells Multifamily Property On New York Avenue For $4.4M
882 New York Avenue
$4,376,846
$823/SF
Building Size
5,316 SF
Asset Type
MultiFamily
Closing
Dec 14, 2022
AI
A multifamily property located at 882 New York Avenue in New York City has been sold. The property consists of 8 units and spans approximately 5,560 square feet. The sale price for this transaction was $4,376,846, resulting in a price per square foot of $787. The seller of the property was Yehuda Cohen, and the transaction had a capitalization rate of 5.08%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,376,846
- Address: 882 New York Avenue, New York City
- Market: New York City
- Number of Units: 8
- Sale Price per Square Foot: $787
- Seller: Yehuda Cohen
- Brokers: Ari Harkov - Brown Harris Stevens, DJ Johnston & Jermaine Pugh - B6 Real Estate Advisors
- Capitalization Rate: 5.08%
The sellers in this transaction were represented by Yehuda Cohen. The brokers involved in this deal were Ari Harkov from Brown Harris Stevens and DJ Johnston & Jermaine Pugh from B6 Real Estate Advisors. Together, they facilitated the successful sale of the multifamily property.
Players
New York City 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
3.62%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93