facebook
Traded Co logo
Submit

Avgi Acquires Multifamily Property On Ryerson Street In New York City For $1M

Property Image
SOLD
$1,000,000

New York

See Similar Deals
MultiFamily6,900 SF
Sold 03/17/2023
the dealplayerscompscontact
Property Image
SOLD

Avgi Acquires Multifamily Property On Ryerson Street In New York City For $1M

132 Ryerson Street

See Similar Deals
MultiFamily6,900 SF
Sold 03/17/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$144
Total Square Footage:6,900 SF
Transaction Type:Sale

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

24 deals$81.2M volume
BUYER

Details

SOLD
IMAGE: David Avgi, Allon Avgi & Pat Aristhene DATE: 03/17/2023 ADDRESS: 132 Ryerson Street MARKET: New York City ASSET TYPE: Multifamily BUYER: David Avgi (@DavidPrettyBoy), Allon Avgi (@AllonAvgi) & Pat Aristhene SELLER: ECIB SALE PRICE: $1,000,000 UNITS: 4 ~ PPU: $250,000 SF: 6,900 ~ PPSF: $145 NOTE FROM BUYER: Avgi is a real estate division that specializes in acquiring properties across New York City, Brooklyn, Long Island, and even out of state. Our team of professionals is constantly on the lookout for good investment opportunities and we are always open to working with individuals or companies who have good deals to offer. So if you have a good real estate deal that you would like to share with us, we encourage you to reach out. We look forward to working with you and helping you achieve your real estate goals.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12