Updated Oct 29, 2024
Konstadinos Stravrou Acquires Multfamily Property In Manhattan For $9.2M
197 Madison St, New York, NY 10002, USA
Building Size
113,210 SF
Asset Type
MultiFamily
Closing
Aug 2, 2017
About this deal
AI
A multifamily property located at 197-199 Madison Street in Manhattan has been sold for $9,200,000. The property spans a total of 11,321 square feet, translating to a price per square foot of $813.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 197-199 Madison Street
- City: New York
- Market: Manhattan
The seller of the property was Silvershore Properties. The buyer, Konstadinos Stravrou (@dinostavrou), acquired the property through the representation of Sean Lefkovits from .
Traded’s record for 197 Madison St, New York, NY 10002, USA in New York, New York covers a multifamily sale from 2017. The building is 113,210 square feet, implying about 0 per square foot on the published price. Named participants on the 197 Madison St, New York, NY 10002, USA sale are Sean Lefkovits. This page is the New York, New York file for the 197 Madison St, New York, NY 10002, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 197 Madison St, New York, NY 10002, USA around 2017. Cite this Konstadinos Stravrou Acquires Multfamily Property In Manhattan For $9.2M sale when underwriting similar multifamily product around New York, New York.
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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