Updated Oct 28, 2024
Sabet Group Acquires Multifamily Property In East Village, Manhattan For $6.5M
215 East 3rd Street, Manhattan, New York, NY, USA
$6,500,000
$672/SF
Building Size
9,666 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
About this deal
AI
A multifamily property located at 215 East 3rd Street in the East Village neighborhood of Manhattan has been sold for a total of $6,500,000. The property covers a total area of 9,666 square feet, resulting in a price per square foot of $672. The transaction took place on 11/11/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 215 East 3rd Street
- Market: East Village, Manhattan
- Zoning: R8B
- Buyer: Sabet Group
- Seller: GPS Realty
- Brokers: Aaron Jungreis & Ben Khakshoor - Rosewood Realty Group
Aaron Jungreis and Ben Khakshoor from Rosewood Realty Group represented the buyer and seller in this transaction. The property, located in the vibrant East Village neighborhood, offers great potential as a multifamily asset.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93