Updated Dec 18, 2023
Douglas Peterson Acquires Multifamily Property In East Village For $7.5M
233 East 3rd Street, Manhattan, New York, NY, USA
$7,500,000
$422/SF
Building Size
17,750 SF
Asset Type
MultiFamily
Closing
Jun 13, 2021
About this deal
AI
The multifamily property located at 233 East 3rd Street in East Village has been sold in a transaction that took place on June 14, 2021. The property spans 17,750 square feet and was sold for a total price of $7,500,000, resulting in a price per square foot of $422.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 233 East 3rd Street
- Market: East Village
The buyer of the property is Douglas Peterson, while the seller is Winston Barrow. The sale was made possible with a loan amount of $5,525,000 provided by ConnectOne Bank.
On the Map
$7,500,000
$422/SF
MultiFamily
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93