Elizabeth Street Properties, LLC And Adam Daniels Purchase 113 Elizabeth St Multifamily From Kalbridge Associates, LLC And Joel Shriber For $8.67M
113 Elizabeth St
$8,666,667
$950/SF
Building Size
9,123 SF
Asset Type
MultiFamily
Closing
Nov 19, 2014
AI
The property involved in the transaction is a MultiFamily asset located at 113 Elizabeth St, New York. The sale occurred on 11/19/2014 for a total price of $8,666,667.00. The property encompasses a total of 9,123 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,666,667.00
- Address: 113 Elizabeth St
- Market: New York
- Square Footage: 9,123.0
- Buyer: Elizabeth Street Properties, LLC and Adam Daniels
- Seller: Kalbridge Associates, LLC and Joel Shriber
- Broker: Khashy Eyn - Platinum Commercial
The deal features key participants including the buyer, Elizabeth Street Properties, LLC, and Adam Daniels, alongside the sellers, Kalbridge Associates, LLC and Joel Shriber. Khashy Eyn, representing Platinum Commercial, facilitated the transaction.
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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93