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136 East 16th Street

Matthew Lesser, Ravi Kantha, Lydia Rosengarten & Jed Garfield Of Leslie Garfield Sell Multifamily Property For $12.5M On 136 East 16th Street, NYC
SOLDMultiFamily

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

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

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.

Players

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker

New York 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93