facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

302 Mott St, New York, NY 1...

Brandon & Andrew Aryeh Acquire Multifamily Property On Mott Street For $18M
SOLDMultiFamily

Brandon & Andrew Aryeh Acquire Multifamily Property On Mott Street For $18M

302 Mott St, New York, NY 10012, USA

$18,000,000

$89/SF

Building Size

202,270 SF

Asset Type

MultiFamily

Closing

Nov 5, 2019

AI

Located in NoHo, the multifamily property at 302 Mott Street recently changed hands in a closed transaction. The property spans across 20,227 square feet and was sold for a total price of $18,000,000, resulting in a price per square foot of $899. Featuring 48 units, each unit was valued at approximately $375,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $18,000,000
  • Square Footage: 20,227
  • Price Per Square Foot: $899
  • Total Units: 48
  • Price Per Unit: $375,000
  • Market: NoHo

Brandon and Andrew Aryeh were the buyers of the property, while Daniel "Tiger" Schulmann, the founder of @TigerSchulmanns Karate, served as the seller in this transaction.

Players

Andrew Aryeh

Buyer

$59.3M

vol

10 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93