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132 Ryerson Street

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

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

David Avgi

Buyer

$81.2M

vol

24 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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