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Alchemy Ventures Acquires Multifamily Property In New York City For $6.85M

Property Image
SOLD
$6,850,000
Brian Gladstone
Abie Kassin
+ 1

New York

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MultiFamily10,947 SF
Sold 06/28/2023
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Property Image
SOLD

Alchemy Ventures Acquires Multifamily Property In New York City For $6.85M

139 E 13th St New York, NY 10003, USA

See Similar Deals
MultiFamily10,947 SF
Sold 06/28/2023
Brian Gladstone
Abie Kassin
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$625
Total Square Footage:10,947 SF
Transaction Type:Sale

The multifamily property located at 139 East 13th Street in New York City has been sold for a total price of $6,850,000. The property consists of 19 units, with a price per unit of $360,526. The total square footage of the property is 10,947, with a price per square foot of $626.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,850,000
  • Units: 19
  • Price per Unit: $360,526
  • Square Footage: 10,947
  • Price per Square Foot: $626
  • Address: 139 East 13th Street, New York City

The buyer in this transaction is Alchemy Ventures, represented by Sam Kooris. The seller is Henry Moses. The brokers involved in the deal are Abie Kassin, David Schechtman, and Brian Gladstone from Meridian Capital Group.

Players

Abie Kassin
52 deals$1.6B volume(212) 468-5909
BROKER

Brian Gladstone
Meridian Capital Group
13 deals$396M volume(212) 468-5948
BROKER

David Schechtman
Meridian Capital Group
68 deals$1.8B volume
BROKER

Sam Kooris
Alchemy Ventures
13 deals$76.6M volume
BUYER

Details

SOLD
IMAGE: David Schechtman, Sam Kooris & Brian Gladstone DATE: 06/28/2023 ADDRESS: 139 East 13th Street MARKET: New York City ASSET TYPE: Multifamily BUYER: Alchemy Ventures - Sam Kooris SELLER: Henry Moses BROKERS: Abie Kassin, David Schechtman & Brian Gladstone - Meridian Capital Group SALE PRICE: $6,850,000 UNITS: 19 ~ PPU: $360,526 SF: 10,947 ~ PPSF: $626

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$365,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94