Townhouse Rental II, LLC Acquires 4-Unit Multifamily Property On New York Avenue For $3.7M
SOLD
$3,700,000
New York
See Similar DealsMultiFamily2,869 SF
Sold 12/30/2022
SOLD
Townhouse Rental II, LLC Acquires 4-Unit Multifamily Property On New York Avenue For $3.7M
260 New York Avenue
See Similar DealsMultiFamily2,869 SF
Sold 12/30/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,289
Total Square Footage:2,869 SF
Transaction Type:Sale
The multifamily property located at 260 New York Avenue in New York City has been sold for a total price of $3,700,000. The property consists of 4 units, with each unit having a price per unit (PPU) of $925,000. The total square footage of the property is 2,869, resulting in a price per square foot (PPSF) of $1,290.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Units: 4
- PPU: $925,000
- Square Footage: 2,869
- PPSF: $1,290
The seller of the property is Natalia Harvey, while the buyer is Townhouse Rental II, LLC. The deal was facilitated by David Chang and Giovanni Castro, who represented both parties as brokers from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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