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
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