Jacob Oved Purchases Multifamily Property From Michael Zareno For $5.65 Million In New York
SOLD
$5,650,000
New York
See Similar DealsMultiFamily
Sold 06/01/2013
SOLD
Jacob Oved Purchases Multifamily Property From Michael Zareno For $5.65 Million In New York
216 218 E 36th St
See Similar DealsMultiFamily
Sold 06/01/2013
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 216 218 E 36th St in the New York market. The transaction was completed for a total price of $5,650,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,650,000.00
- Address: 216 218 E 36th St
- Market: New York
- Buyer: Jacob Oved
- Seller: Michael Zareno
- Broker: Robert Khodadadian - Skyline Properties
Jacob Oved acted as the buyer in this transaction, while Michael Zareno was the seller. The deal was facilitated by broker Robert Khodadadian, representing Skyline Properties in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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