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153 E 37th St New York, NY ...

David Marks Acquires MultiFamily Property In New York City For $3.5M
SOLDMultiFamily

David Marks Acquires MultiFamily Property In New York City For $3.5M

153 E 37th St New York, NY 10016, USA

$3,500,000

$964/SF

Building Size

3,628 SF

Asset Type

MultiFamily

Closing

Feb 28, 2023

AI

The property asset involved in this transaction is a MultiFamily located at 153 East 37th Street in the New York City market. The sale price was $3,500,000, covering 3,628 square feet with 8 units. The price per unit was $437,500 and the price per square foot was $965.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,500,000
  • Address: 153 East 37th Street
  • Market: New York City
  • Units: 8
  • Price Per Unit: $437,500
  • Square Footage: 3,628
  • Price Per Square Foot: $965
  • Buyer: David Marks
  • Seller: Robert Kantor
  • Brokers: Sachin Surujpaul & Romena Surujpaul

The key individuals in this transaction include buyer David Marks and seller Robert Kantor, who completed this deal with the assistance of brokers Sachin Surujpaul and Romena Surujpaul, representing the respective parties involved.

Players

Romena Surujpaul

Broker

$11M

vol

3 deals

Broker
Sachin Surujpaul
Verified Badge

Sachin Surujpaul

JRS Realty Management

Broker

$25.3M

vol

14 deals

Broker

David Marks

Silverstein Properties

Buyer

$251M

vol

3 deals

Buyer

Robert Kantor

Seller

$7.4M

vol

2 deals

Seller

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93