60 Guilders Acquires Multifamily Assets In East Village For $59M
310 East 12th Street, New York City, New York 10003, United States
$59,000,000
$578/SF
Building Size
102,000 SF
Asset Type
MultiFamily
Closing
Aug 17, 2022
AI
A multifamily property located at 310 East 12th Street and 305 East 11th Street in the East Village has been sold for a total of $59,000,000. The property spans 102,000 square feet, resulting in a price per square foot of $578.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $59,000,000
- Address: 310 East 12th Street and 305 East 11th Street
- Market: East Village
The buyers of the property are 60 Guilders, represented by Kevin Chisholm and Bastien Broda. The deal was facilitated by brokers David Schechtman, Abie Kassin, and Lipa Lieberman from Meridian Capital Group.
It is worth noting that Adam Spies and Adam Doneger of Cushman & Wakefield raised the equity for this transaction.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93