Updated Dec 4, 2024
Avison Young Brokers Acquire Multifamily Property In East Village, Manhattan For $13.4M
169-171 First Avenue
$13,400,000
$997/SF
Building Size
13,434 SF
Asset Type
MultiFamily
Closing
Nov 8, 2023
About this deal
AI
The multifamily property located at 169-171 First Avenue in the East Village of Manhattan has been sold for a total price of $13,400,000. The property spans a total of 13,434 square feet, resulting in a price per square foot of $997.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,400,000
- Address: 169-171 First Avenue
- Market: East Village, Manhattan
- Brokers: Brandon Polakoff, David Shalom, Noah Kossoff, Joseph Moran, and Ryan McGuirl - Avison Young
Brandon Polakoff, David Shalom, Noah Kossoff, Joseph Moran, and Ryan McGuirl from Avison Young acted as the brokers in this transaction. They represented the parties involved in the deal, facilitating the successful sale of the multifamily property.
Players
Kingston 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93