Updated Oct 29, 2024
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
About this deal
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