Updated Dec 19, 2023
Moshe Khoshkheraman Acquires Apartment Building In East Village For $8M
180 1st Avenue, New York City, New York 10009, United States
$8,000,000
$434/SF
Building Size
18,408 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
About this deal
AI
An apartment building located at 180 1 Avenue in East Village, Manhattan has been sold. The property is zoned R7A and has a lot size of 2,225 square feet. It underwent an alteration permit on May 19, 2015. The dimensions of the lot are 23.67 feet by 94 feet.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $8,000,000
- Square Footage: 7,684
- Price per Square Foot: $1,041
- Address: 180 1 Avenue
- Market: East Village, Manhattan
- Buyer: Moshe Khoshkheraman
- Seller: Pasquale J. Coppolecchia
Moshe Khoshkheraman, representing himself, purchased the property from Pasquale J. Coppolecchia. The sale took place on March 21, 2022.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93