Updated Dec 18, 2023
Shelagh M Herzog Acquires Multi Family Property In Gramercy Park, Manhattan For $3.5M
233 East 18th Street, New York City, New York 10003, United States
$3,500,000
$754/SF
Building Size
4,638 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
The multi-family property located at 233 East 18 Street in Gramercy Park, Manhattan has been sold in a recent transaction. The property is zoned as R7B and has a lot size of 2,250 square feet. Its dimensions measure 22.5 feet by 100 feet.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $3,500,000
- Building Square Footage: 4,638
- Price Per Square Foot: $755
- Building Square Footage (BSF): 6,750
- Price Per Building Square Foot (PPBSF): $519
- FAR: 2.06
- Tax Class: 1
- Last Sale Price: $0 (11/28/2007)
- Permits: 3 months for permits
The buyer of the property is Shelagh M Herzog, while the seller is Bruce Conrad Herzog.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93