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
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93