Adam Daniels Of Elizabeth Street Properties, LLC Purchases 117 Elizabeth St MultiFamily For $8.67M
117 Elizabeth St
$8,666,667
$930/SF
Building Size
9,311 SF
Asset Type
MultiFamily
Closing
Mar 19, 2015
AI
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.
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