Updated Dec 21, 2023
Abraham Sanieoff Acquires Multifamily Property On Ludlow Street For $21.5M
122 Ludlow St, New York, NY 10002, USA
$21,500,000
$102/SF
Building Size
210,000 SF
Asset Type
MultiFamily
Closing
May 27, 2019
About this deal
AI
Located in the Lower East Side market, the multifamily property at 122-124 Ludlow Street recently closed in a transaction with an asking price and sale price of $21,500,000. The property has a total square footage of 21,000 and a price per square foot of $1,023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Address: 122-124 Ludlow Street
- Market: Lower East Side
- Square Footage: 21,000
- Price Per Square Foot: $1,023
Representing the seller in this deal was Peter Von Der Ahe of an undisclosed agency, while Joe Koicim also played a role as the broker representing the seller. The buyer of the property was Abraham Sanieoff. No further details about the seller or buyer were provided.
On the Map
$21,500,000
$102/SF
MultiFamily
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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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93