Moshe Khoshkheraman Acquires Apartment Building In East Village For $8M
SOLD
New York
See Similar DealsMultiFamily18,408 SF
Sold 03/21/2022
SOLD
Moshe Khoshkheraman Acquires Apartment Building In East Village For $8M
180 1st Avenue, New York City, New York 10009, United States
See Similar DealsMultiFamily18,408 SF
Sold 03/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$434
Total Square Footage:18,408 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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