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Marcus & Millichap Facilitates $2.7M Sale Of Multifamily Property In East Village

Property Image
SOLD
$2,725,000

New York

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MultiFamily3,328 SF
Sold
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Property Image
SOLD

Marcus & Millichap Facilitates $2.7M Sale Of Multifamily Property In East Village

191 E 7th St New York, NY 10009, USA

See Similar Deals
MultiFamily3,328 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$818
Total Square Footage:3328 SF
Transaction Type:Sale

The property at 191 East 7th Street in the East Village, Manhattan has been sold for a total price of $2,725,000. This multifamily asset consists of four units with a price per unit of $681,250. The property spans across 3,328 square feet, resulting in a price per square foot of $819.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,725,000
  • Units: 4
  • Price Per Unit: $681,250
  • Square Footage: 3,328
  • Price Per Square Foot: $819

John J. Stewart and Dylan Torey, brokers from Marcus & Millichap, were involved in this transaction. They represented the buyer and also collaborated with a cooperating listing broker. Their expertise and negotiation skills were pivotal in successfully closing the deal.

Players

John J. Stewart
29 deals$204.1M volume
BROKER

Dylan Torey
Marcus & Millichap
12 deals$69.2M volume
BROKER

Details

SOLD
IMAGE: John J. Stewart & Dylan Torey DATE: 08/10/2023 ADDRESS: 191 East 7th Street MARKET: East Village, Manhattan ASSET TYPE: Multifamily BROKERS: John J. Stewart & Dylan Torey - Marcus & Millichap (@MarcusMillichap_Ny) (@NYCBuildingAdvisors) SALE PRICE: $2,725,000 UNITS: 4 ~ PPU: $681,250 SF: 3,328 ~ PPSF: $819 NOTE FROM BROKER: John J. Stewart and Dylan Torey of the Stewart Group of Marcus & Millichap represented the buyer and worked with a cooperating listing broker.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$145,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68