Updated Oct 28, 2024
Davean Holdings Acquires Multifamily Property In East Village For $25.5M
163 1st Avenue, New York City, New York 10003, United States
$25,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
A multifamily property located at 163, 165, and 167 First Avenue in the East Village has been sold for a total of $25,500,000. The sale took place on 08/10/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Market: East Village
The buyer of the property was Davean Holdings, while the seller was the Halegula Family. The transaction was facilitated by Ben Khakshoor, Aaron Jungreis, and Alex Fuchs from Rosewood Realty Group, who represented both the buyer and the seller in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93