facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

305 E 21st St New York, NY ...

Eileen O'Hara, Sammie Halpert & Sammy Engel Sell MultiFamily Property At 305 East 21st Street In New York City For $8M
SOLDMultiFamily

Eileen O'Hara, Sammie Halpert & Sammy Engel Sell MultiFamily Property At 305 East 21st Street In New York City For $8M

305 E 21st St New York, NY 10010, USA

$8,000,000

$374/SF

Building Size

21,356 SF

Asset Type

MultiFamily

Closing

Jun 27, 2023

AI

A multifamily property located at 305 East 21st Street in New York City has been sold for $8,000,000. This property consists of 37 units with a price per unit (PPU) of $216,216. The total square footage of the property is 21,356, with a price per square foot (PPSF) of $375.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $8,000,000
  • Units: 37
  • Price per Unit (PPU): $216,216
  • Square Footage: 21,356
  • Price per Square Foot (PPSF): $375

Eileen O'Hara, Sammie Halpert, and Sammy Engel were the sellers of this property. The sale of the property was facilitated by Michael Ferrara and Alan Stenson from Brax Realty, who represented the seller in this transaction.

Players

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93