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
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93