Updated Dec 3, 2024
Kushner Companies Sells Multifamily Property On Macdougal St. For $10.77M
120 MacDougal St New York, NY 10012, USA
$10,770,000
$790/SF
Building Size
13,618 SF
Asset Type
MultiFamily
Closing
Jun 6, 2023
About this deal
AI
The multifamily property located at 120 Macdougal Street in New York City has been sold in a closed transaction. The property, owned by Kushner Companies, was listed for sale and successfully sold for a total price of $10,770,000. The property consists of 28 units, with an average price per unit of $384,643. The total square footage of the property is 13,618, with a price per square foot of $791.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,770,000
- Units: 28
- Price per Unit: $384,643
- Square Footage: 13,618
- Price per Square Foot: $791
- Address: 120 Macdougal Street, New York City
- Market: New York City
The deal was facilitated by the brokers representing the seller, Kushner Companies. Joe Koicim, Logan Markley, Peter Dodge, and Shaun Riney, from Marcus & Millichap, worked together as the seller's representatives 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93