facebook
Traded Co logo
Submit

Robert Family Sells 10-Unit Multifamily Property In Turtle Bay, Manhattan For $3.5M

Property Image
SOLD
$3,500,000

New York

See Similar Deals
MultiFamily7,000 SF
Sold 11/01/2022
the dealplayerscompscontact
Property Image
SOLD

Robert Family Sells 10-Unit Multifamily Property In Turtle Bay, Manhattan For $3.5M

220 East 49th Street

See Similar Deals
MultiFamily7,000 SF
Sold 11/01/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:7,000 SF
Transaction Type:Sale

The multifamily property located at 220 E 49th Street in Turtle Bay, Manhattan has been sold for a price of $3,500,000. The property consists of 10 units with an average price per unit of $350,000. The total square footage of the property is 7,000, resulting in a price per square foot of $500. The sellers of the property were The Robert Family.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 220 E 49th Street
  • Market: Turtle Bay, Manhattan

The sale of this multifamily property was facilitated by the brokers Michael Sherman from Baseline Real Estate Advisors and Tom Wexler from Leslie Garfield. They represented the buyers and sellers in this transaction.

Players

Michael Sherman
45 deals$785.1M volume(631) 235-9741
BROKER

Thomas (Tom) Wexler
Leslie Garfield
9 deals$137.9M volume
BROKER

Details

SOLD
IMAGE: Michael Sherman & Tom Wexler DATE: 11/01/2022 ADDRESS: 220 E 49th Street MARKET: Turtle Bay, Manhattan ASSET TYPE: Multifamily SELLER: The Robert Family BROKERS: Michael Sherman - Baseline Real Estate Advisors (@Baseline_REAdvisors) & Tom Wexler - Leslie Garfield SALE PRICE: $3,500,000 UNITS: 10 ~ PPU: $350,000 SF: 7,000 ~ PPSF: $500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43