Updated Sep 9, 2024
Avison Young Brokers Acquire Upper East Side & East Village Multifamily Portfolio For $42.25M
336 E 82nd St, New York, NY 10028, USA
$5,375,000
$673/SF
Building Size
7,986 SF
Asset Type
MultiFamily
Closing
Oct 30, 2019
About this deal
AI
The recently closed transaction involved the sale of a multifamily property located at East Side Trio - 319 East 83rd Street, 443-445 East 88th Street, 333-337 East 13th Street. This property is situated in the Upper East Side and East Village markets. The transaction was facilitated by brokers from Avison Young, namely Brandon Polakoff, James Nelson, David Shalom, Eric Karmitz, and Ryan McGuirl.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,250,000
- Square Footage: 59,704
- Price Per Square Foot: $708
The individuals and companies involved in this deal played significant roles in its success. The sale was made possible by the efforts of the Avison Young brokers, Brandon Polakoff, James Nelson, David Shalom, Eric Karmitz, and Ryan McGuirl. Their expertise and representation ensured a smooth transaction process.
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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93