Avgi Acquires Multifamily Property On Ryerson Street In New York City For $1M
132 Ryerson Street
$1,000,000
$144/SF
Building Size
6,900 SF
Asset Type
MultiFamily
Closing
Mar 17, 2023
AI
The multifamily property located at 132 Ryerson Street in New York City has been sold for a price of $1,000,000. The property consists of 4 units, with an average price per unit of $250,000. It spans across 6,900 square feet, resulting in a price per square foot of $145.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 4
- Price per Unit: $250,000
- Square Footage: 6,900
- Price per Square Foot: $145
The buyers of the property are David Avgi, Allon Avgi, and Pat Aristhene. They specialize in acquiring properties across New York City, Brooklyn, Long Island, and even out of state. The sellers in this transaction are ECIB.
A note from the buyers: Avgi is a real estate division that actively seeks good investment opportunities. They are open to working with individuals or companies who have attractive deals to offer. If you have a real estate deal that you believe would be of interest, they encourage you to reach out.
Players
Market 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93