Richard Guarino Of Friedman-Roth Realty Represents Sale Of Multifamily Property In Chelsea For $6.7M
212 8th Avenue
$6,700,000
$677/SF
Building Size
9,891 SF
Asset Type
MultiFamily
Closing
Sep 27, 2024
AI
The property at 212 8th Avenue is a multifamily asset located in the Chelsea market. The sale price recorded for this property was $6,700,000, comprising a total of 17 units. It encompasses a total square footage of 9,891, which calculates to a price per unit of $394,117 and a price per square foot of $677.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Units: 17
- Square Feet: 9,891
- Price Per Unit: $394,117
- Price Per Square Foot: $677
- Broker: Richard Guarino - Friedman-Roth Realty
The transaction was facilitated by Richard Guarino, who represented the brokerage firm Friedman-Roth Realty in the sale of this multifamily property.
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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93