Updated Sep 9, 2024
Marcus & Millichap Facilitates $2.7M Sale Of Multifamily Property In East Village
191 E 7th St New York, NY 10009, USA
$2,725,000
$818/SF
Building Size
3,328 SF
Asset Type
MultiFamily
Closing
Aug 10, 2023
About this deal
AI
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.
On the Map
$2,725,000
$818/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Dylan Torey to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93