Updated Sep 5, 2024
Avison Young Sells Multifamily Asset In New York City For $5M
1 Ludlow St New York, Ny 10002, Usa
$5,000,000
$2,659/SF
Building Size
1,880 SF
Asset Type
MultiFamily
Closing
May 11, 2023
About this deal
AI
The multifamily property located at 1 Ludlow Street in New York City has been sold for a total price of $5,000,000. The property spans over a total square footage of 1,880, resulting in a price per square foot of $2,660.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 1 Ludlow Street, New York City
- Market: New York City
- Buyer's Representative: Jared Minc
- Seller's Representatives: Brandon Polakoff, Alexandra Marolda, Ryan McGuirl, Joseph Moran - Avison Young
Jared Minc served as the buyer's representative in this transaction, while the seller was represented by Brandon Polakoff, Alexandra Marolda, Ryan McGuirl, and Joseph Moran from Avison Young.
On the Map
$5,000,000
$2,659/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jared Minc to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93