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139 E 13th St New York, NY ...

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

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

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

$6,850,000

$625/SF

Building Size

10,947 SF

Asset Type

MultiFamily

Closing

Jun 28, 2023

AI

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

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
Sam Kooris

Sam Kooris

Alchemy Ventures

Buyer

$76.6M

vol

13 deals

Buyer

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

2.32%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93