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215 East 89th Street

Jeremy Conway Acquires Multifamily Units In Yorkville Manhattan For $3.2 Million As Buyer's Representative Joshua Malekan
SOLDMultiFamily

Jeremy Conway Acquires Multifamily Units In Yorkville Manhattan For $3.2 Million As Buyer's Representative Joshua Malekan

215 East 89th Street

$3,201,026

$612/SF

Building Size

5,226 SF

Asset Type

MultiFamily

Closing

Sep 3, 2025

AI

Two multifamily properties located at 215 East 89th Street and 333-339 E 85th St. were sold for a total of $3,201,026. The transaction involved 17 co-op units with an average price per unit of $188,295. The total square footage of the properties is 5,226, resulting in a price per square foot of $612. The market for this transaction is Yorkville, Manhattan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,201,026
  • Units: 17
  • Average Price Per Unit: $188,295
  • Total Square Footage: 5,226
  • Price Per Square Foot: $612
  • Buyer: Jeremy Conway
  • Seller: Carl Celeste
  • Buyer's Representative: Joshua Malekan - Bridge Advisory Group
  • Seller's Representative: Roy Oskar - Bridge Advisory Group

Joshua Malekan and Roy Oskar, professionals at Bridge Advisory Group, represented the buyer and seller, respectively. This transaction was notable for being completed in a mere two weeks and entirely in cash, following a six-month preparation period with a major New York City brokerage. The seller was identified as the owner and founder of Tasti D-Lite, highlighting the high level of expertise involved in the deal.

Players

Roy Oskar

Bridge Advisory Group

Broker

$37.7M

vol

10 deals

Broker
Bridge Advisory Group
Bridge Advisory GroupBrokerage

Jeremy Conway

Buyer

$9M

vol

4 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93