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
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