Richard Guarino Of Friedman-Roth Realty Represents Sale Of Multifamily Property In Chelsea For $6.7M
SOLD
$6,700,000
New York
See Similar DealsMultiFamily9,891 SF
Sold 09/27/2024
SOLD
Richard Guarino Of Friedman-Roth Realty Represents Sale Of Multifamily Property In Chelsea For $6.7M
212 8th Avenue
See Similar DealsMultiFamily9,891 SF
Sold 09/27/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$677
Total Square Footage:9,891 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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