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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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