Updated Sep 5, 2024
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
About this deal
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.
On the Map
$8,000,000
$374/SF
MultiFamily
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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