Adam Daniels Of Elizabeth Street Properties, LLC Purchases 117 Elizabeth St MultiFamily For $8.67M
SOLD
$8,666,667
New York
See Similar DealsMultiFamily9,311 SF
Sold 03/19/2015
SOLD
Adam Daniels Of Elizabeth Street Properties, LLC Purchases 117 Elizabeth St MultiFamily For $8.67M
117 Elizabeth St
See Similar DealsMultiFamily9,311 SF
Sold 03/19/2015
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$930
Total Square Footage:9,311 SF
Lot Square Footage:2330 SF
Transaction Type:Sale
The transaction involved a multi-family asset located at 117 Elizabeth St in New York. The property was sold for $8,666,667.00 and encompasses a total square footage of 9,311.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,666,667.00
- Address: 117 Elizabeth St
- Market: New York
- Broker: Khashy Eyn - Platinum Commercial
- Buyer: Adam Daniels - Elizabeth Street Properties, LLC
- Seller: Joel Shriber - Kalbridge Associates, LLC
Khashy Eyn represented the seller in this transaction, while Adam Daniels was acting on behalf of Elizabeth Street Properties, LLC as the buyer. Joel Shriber represented Kalbridge Associates, LLC as the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$462,222.24
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,790.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,084.42
Annual Debt Service$493,013.08
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