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269 East Houston Street

Dennis Wong Sells Multifamily Asset At 269 East Houston Street For $7.25 Million
SOLDMultiFamily

Dennis Wong Sells Multifamily Asset At 269 East Houston Street For $7.25 Million

269 East Houston Street

$7,250,000

$594/SF

Building Size

12,200 SF

Asset Type

MultiFamily

Closing

Aug 21, 2025

AI

The property asset involved in the transaction is a multifamily building located at 269 East Houston Street in the Lower East Side market. It features 17 units and has a total square footage of 12,200. The sale price for this property was $7,250,000, which translates to a price per unit of $426,470 and a price per square foot of $594.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,250,000
  • Units: 17
  • Square Footage: 12,200
  • Price per Unit: $426,470
  • Price per Square Foot: $594
  • Seller: Dennis Wong
  • Brokers: Joseph Koicim, Matt Berger & Logan Markley - Marcus & Millichap
  • Date of Sale: 8/22/2025

This transaction was facilitated by brokers Joseph Koicim, Matt Berger, and Logan Markley from Marcus & Millichap, representing the seller Dennis Wong in the multifamily asset sale.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Dennis Wong

Dennis Wong

Seller

$570.9M

vol

8 deals

Seller

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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93