Russell Fridman Acquires Multifamily Property In New York For $2.95M
SOLD
$2,950,000
+ 1
New York
See Similar DealsCo-Op9,523 SF
Sold 01/08/2023
SOLD
Russell Fridman Acquires Multifamily Property In New York For $2.95M
537 West 49th Street
See Similar DealsCo-Op9,523 SF
Sold 01/08/2023
+ 1
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$309
Total Square Footage:9,523 SF
Transaction Type:Sale
A multifamily property located at 537 West 49th Street in New York was recently sold for a transaction amount of $2,950,000. The property spans a total square footage of 9,523 square feet, resulting in a price per square foot of $310. The sale was completed on 01/08/2023.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 537 West 49th Street, New York
- Market: New York
The buyer of the property is Russell Fridman. The transaction was facilitated by the brokers Amit Doshi, Shallini Mehra, and Justin Barbos from the Meridian Capital Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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