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120 MacDougal St New York, ...

Updated Dec 3, 2024

Kushner Companies Sells Multifamily Property On Macdougal St. For $10.77M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker
Kushner Companies
Kushner CompaniesSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $790 per square foot on a published $10.8M for 13,618 square feet (2023).

Visit Joe Koicim to view all their deals.

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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

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