Avison Young Brokers Acquire East Village Multifamily For $11.5M
164 E 7th St, Manhattan, New York 10009, United States
$11,500,000
$934/SF
Building Size
12,301 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
AI
The multifamily property located at 164-166 East 7th Street in the East Village has been sold. The transaction took place on 12/13/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Square Footage: 12,301
- Price per Square Foot: $934
- Market: East Village
The deal was facilitated by the brokerage firm Avison Young, with representatives from the firm including James Nelson, Brandon Polakoff, David Shalom, Alexandra Marolda, and Bradley Rothschild.
No additional information is available about the individuals involved in the transaction or the specific terms of the deal.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93