Doug Peterson Acquires Multifamily Property In East Village For $7.5M
SOLD
$7,500,000
New York
See Similar DealsMultiFamily17,750 SF
Sold 06/14/2020
SOLD
Doug Peterson Acquires Multifamily Property In East Village For $7.5M
233 East 3rd Street, New York, NY, USA
See Similar DealsMultiFamily17,750 SF
Sold 06/14/2020
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 E. 3rd St. in East Village was sold 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
- Sale Price: $7,500,000
- Square Footage: 17,750
- Price Per Square Foot: $422
- Market: East Village
The buyer of the property was Doug Peterson, while the seller was The Barrow Family. The transaction was facilitated by the broker HPNY.
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Deal Type
30 years
10 years
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
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