Updated Dec 21, 2023
Moshe Khoshkheraman Acquires Multifamily Property In East Village For $8M
211 1st Avenue, New York, NY 10003, USA
$20,100,000
$819/SF
Building Size
24,523 SF
Asset Type
MultiFamily
Closing
May 30, 2019
About this deal
AI
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.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93