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212 8th Avenue

Richard Guarino Of Friedman-Roth Realty Represents Sale Of Multifamily Property In Chelsea For $6.7M
SOLDMultiFamily

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.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$305.7M

vol

52 deals

Broker

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