facebook
Traded Co logo
Submit

Rony Kravel Acquires Multifamily Property In East Village For $15.4M

Property Image
SOLD
$15,400,000

New York

See Similar Deals
MultiFamily20,176 SF
Sold 11/19/2021
the dealplayerscompscontact
Property Image
SOLD

Rony Kravel Acquires Multifamily Property In East Village For $15.4M

208 East 6th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily20,176 SF
Sold 11/19/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$763
Total Square Footage:20,176 SF
Transaction Type:Sale

Located at 208 East 6 Street in the vibrant East Village neighborhood, this multifamily property was recently sold in a closed transaction. The property is zoned as R8B, allowing for residential development. Covering a lot size of 4,850 square feet, the property offers ample space for residents to enjoy.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,400,000
  • Market: East Village
  • Address: 208 East 6 Street
  • Buyer: Rony Kravel
  • Seller: Adrian Slywotzky
  • BSF: 19,400
  • PPBSF: $278
  • SF: 20,176
  • PPSF: $763
  • FAR: 4.16
  • Tax Class: 2
  • Permits: Alteration 2 (07/21/2016)
  • Lot Dimension: 50 ft x 97 ft

Rony Kravel emerged as the buyer in this transaction, while Adrian Slywotzky acted as the seller. The property was sold for a price of $15,400,000, with a building square footage of 20,176. The buyer and seller were represented by their respective brokers.

Players

10 deals$237.2M volume
BUYER

4 deals$51.5M volume
SELLER

Details

SOLD
IMAGE: 11/19/2021 ADDRESS: 208 East 6 Street MARKET: East Village ASSET TYPE: Multifamily ~ ZONING: R8B BUYER: Rony Kravel SELLER: Adrian Slywotzky PRICE: $15,400,000 BSF: 19,400 ~ PPBSF: $278 SF: 20,176 ~ PPSF: $763 FAR: 4.16 TAX CLASS: 2 LOT SIZE: 4,850 PERMITS: Alteration 2 (07/21/2016) LOT DIMENSION: 50 ft x 97 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$821,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,712.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,003.86
Annual Debt Service$876,046.28