Updated Sep 5, 2024
Avison Young Brokers Facilitate $10.25M Sale Of Multifamily Property In New York City
20 East 22nd Street
$10,250,000
$975/SF
Building Size
10,512 SF
Asset Type
MultiFamily
Closing
Mar 22, 2023
About this deal
AI
A multifamily property located at 20 East 22nd Street in New York City has been sold for a total price of $10,250,000. The property consists of 23 units, with an average price per unit of $445,652. The total square footage of the property is 10,512, with an average price per square foot of $975.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,250,000
- Units: 23
- Price per Unit: $445,652
- Square Footage: 10,512
- Price per Square Foot: $975
- Address: 20 East 22nd Street
- Market: New York City
The seller of the property was Carol Matzel. The transaction was facilitated by brokers Noah Kossoff and Brandon Polakoff from Avison Young.
Players
Market 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93