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156 Sullivan St New York, N...

Kushner Companies Sells Multifamily Property In New York City For $12.05M
SOLDMultiFamily

Kushner Companies Sells Multifamily Property In New York City For $12.05M

156 Sullivan St New York, NY 10012, USA

$12,050,000

$758/SF

Building Size

15,883 SF

Asset Type

MultiFamily

Closing

Jun 6, 2023

AI

The multifamily property located at 156 Sullivan Street in New York City has been sold for $12,050,000 by Kushner Companies. The transaction took place on 06/06/2023. The property comprises 25 units, with an average price per unit of $482,000. The total square footage of the property is 15,883, with a price per square foot of $759.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,050,000
  • Units: 25
  • Price per Unit: $482,000
  • Square Footage: 15,883
  • Price per Square Foot: $759

The sale of the property was facilitated by the brokers Joe Koicim, Logan Markley, Peter Dodge, and Shaun Riney from Marcus & Millichap.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Kushner Companies
Kushner CompaniesSeller

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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93