Atlas Capital Group Acquires Multifamily Asset At 250 East Houston Street For $112.25M
250 East Houston Street
$112,250,000
$1,143/SF
Building Size
98,153 SF
Asset Type
MultiFamily
Closing
Jan 14, 2026
AI
The property asset involved in the transaction is located at 250 East Houston Street, in the East Village market. This multifamily asset consists of 130 units, encompassing a total square footage of 98,153. The sale was executed for a total price of $112,250,000, resulting in a price per unit of $863,461 and a price per square foot of $1,143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $112,250,000
- Units: 130
- Square Footage: 98,153
- Price Per Unit: $863,461
- Price Per Square Foot: $1,143
- Buyer: Atlas Capital Group
- Seller: Dermot Company & Rockwood
- Brokers: Rob Hinckley, Jeffrey Julien, Steven Rutman, Guthrie Garvin & Devon Warren - JLL
- Date of Sale: 1/15/2026
The deal was brokered by a team from JLL, comprising Rob Hinckley, Jeffrey Julien, Steven Rutman, Guthrie Garvin, and Devon Warren. These professionals facilitated the transaction between the buyer, Atlas Capital Group, and the sellers, Dermot Company & Rockwood.
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93