The Fiero Family Sells Multifamily Property At 308 East 109th Street For $9.25M
308 East 109th Street
$9,250,000
$375/SF
Building Size
24,655 SF
Asset Type
MultiFamily
Closing
Apr 7, 2026
AI
The property asset involved in this transaction is a multifamily building located at 308 East 109th Street in the Upper Manhattan market. The sale price for the asset amounted to $9,250,000, with a total square footage of 24,655 and a price per square foot of $375.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Address: 308 East 109th Street
- Market: Upper Manhattan
- Square Footage: 24,655
- Price Per Square Foot: $375
- Seller: The Fiero Family
- Broker Representatives: Lev Mavashev & Yehuda Leser - Alpha Realty
Lev Mavashev and Yehuda Leser, representing Alpha Realty, played a key role in facilitating the transaction for the seller, The Fiero Family. Their involvement highlights the professional brokerage services provided throughout this deal.
Players
Market 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93