Updated Sep 5, 2024
DAX Real Estate Acquires Multifamily Property In Tribeca For $37.37M
186 Franklin St, New York, NY 10013, USA
$37,370,000
$151/SF
Building Size
247,000 SF
Asset Type
MultiFamily
Closing
May 28, 2019
About this deal
AI
The multifamily property located at 186 Franklin Street in Tribeca has recently been sold in a closed transaction. The property consists of 6 units, including 1 retail space and 6 residential units. The total square footage of the property is 24,700, and the asking price was $39,500,000. The final sale price for the property was $37,370,000, resulting in a price per square foot of $1,512.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,370,000
- Address: 186 Franklin Street
- Market: Tribeca
- Square Footage: 24,700
- Units: 6 (1 Retail & 6 Resi)
In this deal, the seller was Brian Breyre, and the buyer was DAX Real Estate, specifically represented by Daniel Hedaya, Joe Koicim, Max Seibald, and Noah Kossoff.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93