Moshe Khoshkheraman Acquires Multifamily Property In East Village For $8M
SOLD
$20,100,000
New York
See Similar DealsMultiFamily24,523 SF
Sold 05/31/2019
SOLD
Moshe Khoshkheraman Acquires Multifamily Property In East Village For $8M
211 1st Avenue, New York, NY 10003, USA
See Similar DealsMultiFamily24,523 SF
Sold 05/31/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$819
Total Square Footage:24,523 SF
Transaction Type:Sale
A multifamily property located at 170 & 180 First Avenue in the East Village neighborhood has been sold for a total price of $8,000,000. The property consists of 29 units, with an average price per unit of $275,862. The total square footage of the property is 18,408, resulting in an average price per square foot of $434.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Units: 29
- Price per Unit: $275,862
- Square Footage: 18,408
- Price per Square Foot: $434
Moshe Khoshkheraman has purchased the property from Pasquale J. Coppolecchia and Amalia Coppolecchia. The deal was facilitated by a broker representing Moshe Khoshkheraman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,072,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,411.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,284.25
Annual Debt Service$1,143,411.05
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