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
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