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Adam Daniels Of Elizabeth Street Properties, LLC Buys Multifamily Property From Joel Shriber For $8.67M

Property Image
SOLD
$8,666,667
Khashy Eyn
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New York

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MultiFamily9,375 SF
Sold 11/19/2014
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Property Image
SOLD

Adam Daniels Of Elizabeth Street Properties, LLC Buys Multifamily Property From Joel Shriber For $8.67M

115 Elizabeth St

See Similar Deals
MultiFamily9,375 SF
Sold 11/19/2014
Khashy Eyn
AD
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$924
Total Square Footage:9,375 SF
Lot Square Footage:2367 SF
Transaction Type:Sale

This transaction involves a multi-family property located at 115 Elizabeth St in New York. The transaction was finalized on November 19, 2014, at a price of $8,666,667. The total square footage of the property is 9,375 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $8,666,667.00
  • Address: 115 Elizabeth St
  • Market: New York
  • Broker: Khashy Eyn - Platinum Commercial
  • Buyer: Adam Daniels - Elizabeth Street Properties, LLC
  • Seller: Joel Shriber - Kalbridge Associates, LLC

The key individuals involved in this transaction were Adam Daniels, representing Elizabeth Street Properties, LLC as the buyer, and Joel Shriber, representing Kalbridge Associates, LLC as the seller. Khashy Eyn served as the broker assisting in this transaction.

Players

Khashy Eyn
Platinum Commercial
Khashy Eyn
24 deals$581.9M volume(212) 825-0050
BROKER
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Adam Daniels
8 deals$109.7M volume
BUYER

Details

SOLD
IMAGE: 11/19/2014 ADDRESS: 115 Elizabeth St MARKET: New York ASSET TYPE: MultiFamily BROKERS: Khashy Eyn(Platinum Commercial) BUYER: Adam Daniels(Elizabeth Street Properties, LLC) SELLER: Joel Shriber(Kalbridge Associates, LLC) PRICE: $8,666,667.00 SF: 9375.0

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,790.84
Cash-on-Cash Return-1.27%
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