Updated Mar 21, 2025
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
About this deal
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.
On the Map
$5,800,000
$1,285/SF
MultiFamily
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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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93