Updated Oct 29, 2024
193 East 4th St, LLC Acquires Multi-Family Property In Manhattan For $7.7M
193 E 4th St, New York, NY 10009, USA
Building Size
8,045 SF
Asset Type
MultiFamily
Closing
Nov 12, 2017
About this deal
AI
The multi-family property located at 193 E 4th Street in New York City's Manhattan neighborhood has been sold for a total transaction value of $7,675,000. The property spans a total of 8,045 square feet, which translates to a price per square foot of $954. This multi-family asset consists of 12 units, with each unit valued at approximately $639,000.
Summary of transaction details
- Property Type: Multi family
- Transaction Amount: $7,675,000
- Address: 193 E 4th Street, New York
- Market: Manhattan
- Total Square Footage: 8,045
- Price per Square Foot: $954
- Number of Units: 12
- Unit Price: $639,000
The seller of the property is Alfa Development, represented by Michael Namer. The buyer is 193 East 4th St, LLC.
On the Map
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93