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216 East 13th Street

Finger & Finger Sells Multifamily Property At 216 East 13th Street For $2.75M
SOLDMultiFamily

Finger & Finger Sells Multifamily Property At 216 East 13th Street For $2.75M

216 East 13th Street

$2,750,000

$805/SF

Building Size

3,416 SF

Asset Type

MultiFamily

Closing

May 28, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 216 East 13th Street in the East Village, Manhattan. The sale price of the property was $2,750,000, which encompasses a total of 8 units. The square footage of the asset is 3,416, resulting in a price per unit of $343,750 and a price per square foot of $805.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Address: 216 East 13th Street
  • Market: East Village, Manhattan
  • Units: 8
  • Square Footage: 3,416
  • Price Per Unit: $343,750
  • Price Per Square Foot: $805
  • Seller: Finger & Finger - Carl Finger
  • Broker: Jim Mann - Friedman-Roth Realty

Key individuals involved in the transaction include Carl Finger, representing the seller, Finger & Finger, and Jim Mann, acting as the broker from Friedman-Roth Realty. Their roles facilitated the successful closing of the property sale in the East Village market.

Players

Jim Mann

Friedman-Roth Realty

Broker

$64.9M

vol

8 deals

Broker
Friedman-Roth Realty
Friedman-Roth RealtyBrokerage

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93