Updated Oct 29, 2024
Allied XVII LLC Acquires Property At 103 St Marks Pl, New York From Adria Realty Investment Association For $11.5M
103 St Marks Pl, New York, NY, 10009
$11,500,000
$857/SF
Building Size
13,405 SF
Asset Type
MultiFamily
Closing
May 20, 2016
About this deal
AI
The property involved in this transaction is located at 103 St Marks Pl, New York, NY, 10009. It was sold for $11,500,000.00 and encompasses a total square footage of 13,405. The transaction took place in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,500,000.00
- Square Footage: 13,405
- Address: 103 St Marks Pl, New York, NY, 10009
- Market: New York
- Seller: Adria Realty Investment Association
- Buyer: Allied XVII LLC
- Seller's Representative: Glenn Raff
This transaction involved Allied XVII LLC as the buyer, acquiring the property from seller Adria Realty Investment Association. The deal was represented by Glenn Raff, who acted on behalf of the seller during the transaction process.
Players
New York 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93