Doug Peterson Acquires Multifamily Property In East Village For $7.5M
233 East 3rd Street, New York, NY, USA
$7,500,000
$422/SF
Building Size
17,750 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
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.
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