Jared White Acquires 11 Park Place Multifamily Property In New York For $2.36M
11 Park Place
$2,356,000
$866/SF
Building Size
2,720 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
AI
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.
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
6.73%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93