facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

11 Park Place

Jared White Acquires 11 Park Place Multifamily Property In New York For $2.36M
SOLDMultiFamily

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

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

Jared White

Buyer

1 deal

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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