SOLDMultiFamily
Avison Young Represents Leonard Eis In $7M Multifamily Sale At 110 East 1st Street, East Village, Manhattan
110 East 1st Street
$7,000,000
$450/SF
Building Size
15,540 SF
Asset Type
MultiFamily
Closing
Nov 7, 2023
AI
The multifamily property located at 110 East 1st Street in East Village, Manhattan has been sold for a total price of $7,000,000. The property spans a total area of 15,540 square feet, resulting in a price per square foot of $450.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 110 East 1st Street
- Market: East Village, Manhattan
- Square Footage: 15,540
- Price per Square Foot: $450
The seller of the property was Leonard Eis, represented by Brandon Polakoff and Ryan McGuirl from Avison Young.
Players
Aberdeen 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93