Matthew Lesser, Ravi Kantha, Lydia Rosengarten & Jed Garfield Of Leslie Garfield Sell Multifamily Property For $12.5M On 136 East 16th Street, NYC
SOLD
$12,500,000
+ 1
New York
See Similar DealsMultiFamily9,890 SF
Sold 04/28/2023
SOLD
Matthew Lesser, Ravi Kantha, Lydia Rosengarten & Jed Garfield Of Leslie Garfield Sell Multifamily Property For $12.5M On 136 East 16th Street, NYC
136 East 16th Street
See Similar DealsMultiFamily9,890 SF
Sold 04/28/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,263
Total Square Footage:9,890 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily building located at 136 East 16th Street in New York City. It was sold on 04/28/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Address: 136 East 16th Street
- Market: New York City
- Brokers: Matthew Lesser, Ravi Kantha, Lydia Rosengarten, and Jed Garfield - Leslie Garfield
- Asking Price: $10,350,000
- Units: 4
- Price Per Unit: $3,125,000
- Square Footage: 9,890
- Price Per Square Foot: $1,264
The key individuals and companies involved in this transaction were Matthew Lesser, Ravi Kantha, Lydia Rosengarten, and Jed Garfield from Leslie Garfield. They served as the brokers for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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