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27 East 37th Street

William Seng Sells Murray Hill Multifamily For $6.1M Via Alan Stenson
SOLDMultiFamily

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

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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