Updated Dec 19, 2023
Cecilia L. Kemble Acquires MultiFamily Property In Murray Hill For $4.4M
113 East 35th Street, New York City, New York 10016, United States
$4,400,000
$1,530/SF
Building Size
2,875 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
The property located at 113 East 35th Street in Murray Hill, Manhattan was recently sold in a closed transaction. The multi-family property has a zoning classification of R8B and sits on a lot size of 1,234 square feet. It has a total building square footage (BSF) of 4,936, with a price per BSF (PPBSF) of $891. The property itself measures 2,875 square feet, with a price per square foot (PPSF) of $1,530. The floor area ratio (FAR) is 2.33 and the tax class is 1. The property has previously been subject to an alteration permit in November 1998.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $4,400,000
- Market: Murray Hill, Manhattan
- Buyer: Cecilia L. Kemble
- Seller: Scott E Hershman
In this transaction, the buyer, Cecilia L. Kemble, acquired the property from the seller, Scott E Hershman, for a total amount of $4,400,000. The deal was finalized on February 18, 2022. The property's dimensions are 12.5 feet in width and 98.75 feet in length.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93