Updated Sep 5, 2024
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
$12,500,000
$1,263/SF
Building Size
9,890 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
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.
On the Map
$12,500,000
$1,263/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Lydia Rosengarten to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93