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.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93