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121 E 38th St, New York, NY...

Sandor Krauss Acquires Multifamily Property On East 38 Street For $5.8M
SOLDMultiFamily

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

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.

Players

Alan Berger

The Corcoran Group

Broker

$8.2M

vol

2 deals

Broker

Sandor Krauss

Buyer

$154.3M

vol

14 deals

Buyer

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93