Updated Dec 20, 2023
Amir Whelan Acquires Multifamily Property In East Village For $7M
307 East 10th Street, Manhattan, New York, NY, USA
$7,000,000
$998/SF
Building Size
7,008 SF
Asset Type
MultiFamily
Closing
Oct 21, 2020
About this deal
AI
The multifamily property located at 307 East 10th Street in the East Village was sold on October 22, 2020. The asset, which falls under the R8B zoning classification, spans 5,500 square feet. The sale price was $7,000,000, resulting in a price per square foot of $1,273.
Summary of transaction details
- Property Type: Multifamily ~ R8B
- Transaction Amount: $7,000,000
- Address: 307 East 10th Street
- Market: East Village
Amir Whelan purchased the property from George R Diggle.
The multifamily sale at 307 East 10th Street, Manhattan, New York, NY, USA in New York, New York sold for $7M in 2020. The building is 7,008 square feet, implying about 998 per square foot on the published price. Named participants on the 307 East 10th Street, Manhattan, New York, NY, USA sale are Amir Whelan. This page is the New York, New York file for the 307 East 10th Street, Manhattan, New York, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 307 East 10th Street, Manhattan, New York, NY, USA around 2020. Published consideration for 307 East 10th Street, Manhattan, New York, NY, USA is $7M, dated 2020. Cite this Amir Whelan Acquires Multifamily Property In East Village For $7M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93