Russell Fridman Acquires Multifamily Property In New York For $2.95M
537 West 49th Street
$2,950,000
$309/SF
Building Size
9,523 SF
Asset Type
Co-Op
Closing
Jan 8, 2023
About this deal
AI
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.
On the Map
$2,950,000
$309/SF
Co-Op
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Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93