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113 East 35th Street, New Y...

Updated Dec 19, 2023

Cecilia L. Kemble Acquires MultiFamily Property In Murray Hill For $4.4M
SOLDMultiFamily

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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Deal FAQ

About $1.5K per square foot on a published $4.4M for 2,875 square feet (2022).

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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

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