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302 East 5th Street, Manhat...

Rony Kravel Acquires East Village Multifamily For $8.4M
SOLDMultiFamily

Rony Kravel Acquires East Village Multifamily For $8.4M

302 East 5th Street, Manhattan, New York, NY, USA

$8,400,000

$511/SF

Building Size

16,435 SF

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

A multifamily property located at 302 East 5 Street in the East Village neighborhood was recently sold in a transaction that took place on November 19, 2021. The property, which has a zoning classification of R8B, was purchased by Rony Kravel from Adrian Slywotzky for a total price of $8,400,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,400,000
  • Property Address: 302 East 5 Street
  • Market: East Village
  • Buyer: Rony Kravel
  • Seller: Adrian Slywotzky
  • Building Square Footage: 16,435
  • Price per Square Foot: $511
  • Lot Size: 4,119
  • Alteration Permits: Alteration 2 (11/17/2016)
  • Lot Dimensions: 42.83 ft x 96.17 ft

The property has a building square footage of 16,435 and a price per square foot of $511. The lot size measures 4,119 square feet, and alteration permits were issued on 11/17/2016. The lot dimensions are 42.83 feet by 96.17 feet. The transaction involved a buyer's representative, Rony Kravel, who represented the buyer, and Adrian Slywotzky, who represented the seller in the deal.

Players

Rony Kravel

Shel Capital

Buyer

$237.2M

vol

10 deals

Buyer

Adrian Slywotzky

Seller

$51.5M

vol

4 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

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93