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155 East 37th Street, Manha...

Young Jin Kwon Acquires Walk-up Apartments In Murry Hill, Manhattan For $3.85M
SOLDMultiFamily

Young Jin Kwon Acquires Walk-up Apartments In Murry Hill, Manhattan For $3.85M

155 East 37th Street, Manhattan, New York, NY, USA

$3,850,000

$1,063/SF

Building Size

3,620 SF

Asset Type

MultiFamily

Closing

Nov 4, 2021

AI

A walk-up apartment building located at 155 East 37 Street in Murray Hill, Manhattan has been sold in a recent transaction. The property, classified as a converted dwelling or rooming house, falls under the C5 zoning category and has an R8B designation. With a total square footage of 3,628, the building was sold for a price of $3,850,000, which translates to a price per square foot of $1,061. The transaction took place on November 5, 2021.

Summary of transaction details:

  • Property Type: Walk-up Apartments - Converted Dwelling or Rooming House (C5) ~ R8B
  • Transaction Amount: $3,850,000
  • Square Footage: 3,628
  • Price per Square Foot: $1,061
  • Address: 155 East 37 Street, Murray Hill, Manhattan
  • Market: Murray Hill, Manhattan

The buyer in this transaction is Young Jin Kwon, while the seller is Robert Kantor. The previous sale of the property took place on May 12, 2015, with no recorded sale price. Additional details regarding the financing or any notable features of the property are not available at this time.

Players

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

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93