Emmanuel Stark Of 167 Mott LLC Purchases MultiFamily Property From Adam Daniels For $17M
SOLD
$17,000,000
New York
See Similar DealsMultiFamily15,603 SF
Sold 03/03/2015
SOLD
Emmanuel Stark Of 167 Mott LLC Purchases MultiFamily Property From Adam Daniels For $17M
167 Mott St
See Similar DealsMultiFamily15,603 SF
Sold 03/03/2015
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,089
Total Square Footage:15,603 SF
Lot Square Footage:2195 SF
Transaction Type:Sale
The property asset located at 167 Mott St in New York is a multi-family building that was sold for $17,000,000.00. The total square footage of the asset is 15,603.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,000,000.00
- Address: 167 Mott St
- Market: New York
- SF: 15603.0
- Buyer: Emmanuel Stark (167 Mott LLC)
- Seller: Adam Daniels
- Broker: Khashy Eyn - Platinum Commercial
The transaction involved Emmanuel Stark, representing 167 Mott LLC, as the buyer. Adam Daniels was the seller in this deal, facilitated by broker Khashy Eyn from Platinum Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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