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Douglas Peterson Acquires Multifamily Property In East Village For $7.5M

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SOLD
$7,500,000

New York

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MultiFamily17,750 SF
Sold 06/14/2021
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Property Image
SOLD

Douglas Peterson Acquires Multifamily Property In East Village For $7.5M

233 East 3rd Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily17,750 SF
Sold 06/14/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:17,750 SF
Transaction Type:Sale

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.

Players

3 deals$45.1M volume
BUYER

Details

SOLD
IMAGE: 06/14/2021 ADDRESS: 233 East 3rd Street MARKET: East Village ASSET TYPE: Multifamily BUYER: Douglas Peterson SELLER: Winston Barrow SALE PRICE: $7,500,000 SF: 17,750 ~ PPSF: $422 LOAN AMOUNT: $5,525,000 LENDER: ConnectOne Bank 🏦

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92