Jared White Acquires 11 Park Place Multifamily Property In New York For $2.36M
SOLD
$2,356,000
New York
See Similar DealsMultiFamily2,720 SF
Sold 06/28/2024
SOLD
Jared White Acquires 11 Park Place Multifamily Property In New York For $2.36M
11 Park Place
See Similar DealsMultiFamily2,720 SF
Sold 06/28/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$866
Total Square Footage:2,720 SF
Lot Square Footage:1767 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily unit located at 11 Park Place in the New York market. The transaction was completed for a price of $2,356,000.00, and the property encompasses a total square footage of 2,720.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,356,000.00
- Address: 11 Park Place
- Market: New York
- Square Footage: 2,720.0
- Buyer: Jared White
- Brokers: Josh Lipton (Invictus), Andrew Levine (Invictus)
This transaction was facilitated by brokers Josh Lipton and Andrew Levine, both representing Invictus. They played a significant role in bringing the parties together for this deal involving the buyer, Jared White.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,653.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,370.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,168.64
Annual Debt Service$134,023.70
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