Updated Oct 28, 2024
John Davies Delmar-howard Acquires Multifamily Property On East 18th Street In Gramercy Park For $4.5M
147 East 18th Street, Manhattan, New York, NY, USA
$4,500,000
$1,404/SF
Building Size
3,204 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
A multifamily property located at 147 East 18th Street in the Gramercy Park market has been sold. The property, with a total square footage of 3,204, was sold for a price of $4,500,000. The price per square foot for this transaction was $1,404. The property falls under the R8B zoning category.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 147 East 18th Street
- Market: Gramercy Park
- Zoning: R8B
- Square Footage: 3,204
- Price Per Square Foot: $1,404
John Davies Delmar-Howard acted as the buyer in this transaction, while Jonathan Ostrow was the seller. The previous sale of the property took place on June 19, 2014, for a price of $4,100,000.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93