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
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93