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113 Elizabeth St

Elizabeth Street Properties, LLC And Adam Daniels Purchase 113 Elizabeth St Multifamily From Kalbridge Associates, LLC And Joel Shriber For $8.67M
SOLDMultiFamily

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

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker

Adam Daniels

Buyer

$109.7M

vol

8 deals

Buyer
EL
Elizabeth Street Properties, LLCBuyer

Joel Shriber

Seller
Seller
KL
Kalbridge Associates, LLCSeller

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

1.83%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93