Updated Dec 19, 2023
Moshe Khoshkheraman Acquires Apartment Building In East Village, Manhattan For $4M
170 1st Avenue, New York City, New York 10009, United States
$4,000,000
$588/SF
Building Size
6,796 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
About this deal
AI
An apartment building located at 170 1 Avenue in the East Village neighborhood of Manhattan has been sold. The property, which is zoned as R7A, was sold for a price of $4,000,000. It has a total area of 6,796 square feet, resulting in a price per square foot of $588. The lot size of the property is 2,225 square feet, with dimensions of 23.67 feet by 94 feet. The seller, Pasquale J. Coppolecchia, completed an alteration permit for the property on July 10, 2009.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $4,000,000
- Market: East Village, Manhattan
- Buyer: Moshe Khoshkheraman
- Seller: Pasquale J. Coppolecchia
- Lot Size: 2,225 square feet
- Zoning: R7A
- Permits: Alteration 2 (07/10/2009)
The buyer, Moshe Khoshkheraman, acquired the apartment building located at 170 1 Avenue. The transaction was completed on 03/21/2022. The deal was facilitated by the seller's representative, Pasquale J. Coppolecchia's broker.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93