William Seng Sells Murray Hill Multifamily For $6.1M Via Alan Stenson
27 East 37th Street
$6,100,000
$678/SF
Building Size
8,995 SF
Asset Type
MultiFamily
Closing
May 9, 2024
AI
The multifamily property located at 27 East 37th Street in Murray Hill, Manhattan, was sold for $6,100,000. The property comprises 5 units, with a price per unit of $1,220,000. The total square footage of the property is 8,995, resulting in a price per square foot of $678.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 5
- Price per Unit: $1,220,000
- Total Square Footage: 8,995
- Price per Square Foot: $678
- Address: 27 East 37th Street
- Market: Murray Hill, Manhattan
The seller of the property was William Seng. The transaction was facilitated by Alan Stenson from Brax Realty acting as the seller's representative in the deal.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93