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186 East 75th Street

Benjamin And Suzanne Cutler Purchase Multifamily Property At 186 East 75th Street For $5.8M
SOLDMultiFamily

Benjamin And Suzanne Cutler Purchase Multifamily Property At 186 East 75th Street For $5.8M

186 East 75th Street

$5,800,000

$1,285/SF

Building Size

4,512 SF

Asset Type

MultiFamily

Closing

Feb 27, 2025

AI

The property asset involved in this transaction is a MultiFamily building located at 186 East 75th Street in the New York market. The sale price for this property was $5,800,000.00, and it comprises four units within a total square footage of 4,512.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,800,000.00
  • Address: 186 East 75th Street
  • Market: New York
  • Units: 4
  • Square Feet: 4,512.0
  • Buyer: Benjamin and Suzanne Cutler
  • Seller: 186 Tenants Corp
  • Date of Sale: 02/27/2025

This transaction was facilitated by the involvement of the buyer, Benjamin and Suzanne Cutler, and the seller, 186 Tenants Corp. Their roles in the transaction underpin the details of the deal, marking the conclusion of this property exchange.

Players

Bernadette Brennan

Serhant

Broker

$206.8M

vol

11 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93