Meridian Capital Group
Meridian Investment Sales

409 & 413 East 84th Street

Located between 84th Street and First Avenue.
Yorkville, Upper East Side

Meridian's Doshi and Mehra sell two contiguous buildings on the Upper East Side for $21.7M

Asking Pricing $21,700,000
Type Multifamily
Neighborhood Yorkville, Upper East Side
Properties 409 & 413 East 84th Street
Size 31,152 Square Feet
Stories Five
Units 48 Units

Investment Highlights:

Meridian’s Amit Doshi and Shallini Mehra closed on the sale of 409 and 413 East 84th St., two contiguous buildings in the Yorkville neighborhood of the Upper East Side. Featuring 75 ft. of frontage, these buildings span a combined 31,152 s/f and contain 48 apartments, of which 58% are free market. The property traded for $21.7 million, yielding a capitalization rate of 4%, just under $700 per s/f, and a gross rent multiplier of 16.4 times.