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
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 .
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93