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216 Thompson Street

Alfred Sabetfard Acquires MultiFamily Asset At 216 Thompson Street New York City For $6.3M
SOLDMultiFamily

Alfred Sabetfard Acquires MultiFamily Asset At 216 Thompson Street New York City For $6.3M

216 Thompson Street

$6,300,000

$828/SF

Building Size

7,600 SF

Asset Type

MultiFamily

Closing

Mar 18, 2025

AI

The property asset involved in this transaction is a MultiFamily unit located at 216 Thompson Street in New York City. The property was sold for $6,300,000.00 and comprises 8 units with a total square footage of 7,600.0.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,300,000.00
  • Address: 216 Thompson Street
  • Market: New York City
  • Units: 8
  • Square Footage: 7600.0
  • Buyer: Alfred Sabetfard
  • Sale Date: 03/18/2025

The transaction involves Alfred Sabetfard as the buyer. No additional parties or details regarding representation have been disclosed in this context.

Players

Alfred Sabetfard

Sabet Group

Buyer

$70.2M

vol

5 deals

Buyer

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93