Adam Daniels Of Elizabeth Street Properties, LLC Buys Multifamily Property From Joel Shriber For $8.67M
115 Elizabeth St
$8,666,667
$924/SF
Building Size
9,375 SF
Asset Type
MultiFamily
Closing
Nov 19, 2014
AI
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
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