Updated Dec 19, 2023
Sandor Krauss Acquires Multifamily Property On East 38 Street For $5.8M
121 E 38th St, New York, NY 10016, Estados Unidos
$5,807,000
$95/SF
Building Size
60,950 SF
Asset Type
MultiFamily
Closing
Jul 13, 2020
About this deal
AI
The multifamily property at 121 East 38 Street, located in Murray Hill, was recently sold in a closed transaction. The property features a zoning designation of R10, R8B, and C1-5. The sale was facilitated by Alan D. Berger of Corcoran.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,807,000
- Building Square Footage: 16,790
- Price per Square Foot: $345
- Lot Size: 6,095 square feet
- Price per Square Foot (lot): $952
- Last Sale Price: $7,750,000 (January 2018)
The buyer of the property was Sandor Krauss, while the seller was Diane Tosh. Alan D. Berger, representing Corcoran, acted as the broker for this transaction.
On the Map
$5,807,000
$95/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93