R.A. Cohen & Associates Sells 33-Unit Multifamily In Two Bridges For $14M
21 Catherine St, New York, NY 10038, USA
$14,000,000
$658/SF
Building Size
21,258 SF
Asset Type
MultiFamily
Closing
Mar 25, 2020
AI
Located in the Two Bridges neighborhood, the multifamily property at 21-23 Catherine Street has been sold for a total of $14,000,000. The property spans across 21,258 square feet with a price per square foot of $659. It consists of 33 units, resulting in a price per unit of $424,242.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Square Footage: 21,258
- Price per Square Foot: $659
- Number of Units: 33
- Price per Unit: $424,242
Peter Von Der Ahe, Joe Koicim, and Jared Bernstein of New York Multifamily served as the brokers for this transaction.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93