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882 New York Avenue

Yehuda Cohen Sells Multifamily Property On New York Avenue For $4.4M
SOLDMultiFamily

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:

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

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker

Yehuda Cohen

Seller

$43.6M

vol

11 deals

Seller

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