facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

303 E Houston St, New York,...

Parke Leatherman & Alex Glascock-Lockhill Properties Acquire Multifamily Property On Lower East Side For $6.8M
SOLDMultiFamily

Parke Leatherman & Alex Glascock-Lockhill Properties Acquire Multifamily Property On Lower East Side For $6.8M

303 E Houston St, New York, NY 10002, USA

$6,800,000

$95/SF

Building Size

71,280 SF

Asset Type

MultiFamily

Closing

Jun 11, 2019

AI

The multifamily property located at 303 East Houston Street in the Lower East Side was recently sold for a sale price of $6,800,000. The property spans across 7,128 square feet, with a price per square foot of $953. The transaction took place on 06/12/2019.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Address: 303 East Houston Street
  • Market: Lower East Side
  • Size: 7,128 square feet
  • Price per Square Foot: $953

The seller of the property was Mark Fischler, while the buyers were Parke Leatherman and Alex Glascock-Lockhill Properties. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Corey Isdaner, and Jared Bernstein.

Players

Corey Isdaner

Broker

$46.6M

vol

4 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
LP
Lockhill PropertiesBuyer

Alexander H. Glascock

Lockhill Properties

Buyer

$68.3M

vol

3 deals

Buyer

Mark Fischler

Seller

$24.1M

vol

3 deals

Seller

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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93