Rony Kravel Acquires Multifamily Property In East Village For $15.3M
198 2nd Avenue, Manhattan, New York, NY, USA
$15,300,000
$618/SF
Building Size
24,720 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
AI
The multifamily property located at 198 2 Avenue in East Village has been sold in a recent transaction. The property is zoned for R7A, R8B, and C1-5, allowing for various uses. The sale took place on November 19, 2021, with a selling price of $15,300,000. The building has a total square footage of 24,720 and a price per square foot of $618. The buyer of the property is Rony Kravel, while Adrian Slywotzky is the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,300,000
- Market: East Village
- Zoning: R7A, R8B, C1-5
- Buyer: Rony Kravel
- Seller: Adrian Slywotzky
- Building Square Footage: 24,720
- Price per Square Foot: $618
Notable property details include a floor area ratio (FAR) of 4.00 and a tax class of 2. The lot size is 6,180 square feet, and the lot dimension measures 51.5 feet by 120 feet. The property has an alteration permit dating back to May 20, 2016.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93