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

Updated Oct 15, 2026

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

About this deal

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:

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.

On the Map

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$3,500,000

$964/SF

MultiFamily

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Players

Sachin Surujpaul

JRS Realty Management

Broker

$28.1M

vol

16 deals

Broker

David Marks

Silverstein Properties

Buyer

$251M

vol

3 deals

Buyer

Robert Kantor

Seller

$7.4M

vol

2 deals

Seller
Bilt advertisement

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $964 per square foot on a published $3.5M for 3,628 square feet (2023).

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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

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