Updated Dec 20, 2023
Stephan Moll Acquires East Village Multifamily Property For $4M
216 E 5th St, New York, NY 10003, USA
$4,000,000
$484/SF
Building Size
8,250 SF
Asset Type
MultiFamily
Closing
Jul 20, 2020
About this deal
AI
A multifamily property located at 216 East 5th Street in the East Village has been sold for $4,000,000. The property spans 8,250 square feet and has a price per square foot of $484. It consists of 12 units, with an average price per unit of $333,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 216 East 5th Street
- Market: East Village
The seller of the property was Linda Mazewski, while the buyer was Stephan Moll. The transaction was facilitated by the brokers Justin Zeitchik, Adam Lobel, and Zachary Ziskin from Bestreich Realty Group.
Note: The building is 50% free [...]
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93