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179 Mott Street

Xiao Ling Yang Sells Multifamily Property At 179 Mott Street Nolita For $4.5M
SOLDMultiFamily

Xiao Ling Yang Sells Multifamily Property At 179 Mott Street Nolita For $4.5M

179 Mott Street

$4,500,000

$954/SF

Building Size

4,716 SF

Asset Type

MultiFamily

Closing

Oct 31, 2024

AI

The property asset involved in this transaction is a multifamily building located at 179 Mott Street in the Nolita market. It was sold for a total price of $4,500,000, comprising 3 residential units. The building has a total square footage of 4,716, resulting in a price per square foot of $954, and a price per unit of $1,500,000.

Summary of transaction details:

The deal involved key representatives from Marcus & Millichap, specifically Chris Dintrone, Peter Dodge, and Joseph Koicim, who facilitated the transaction on behalf of the seller, Xiao Ling Yang.

Players

Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93