Katherine Cartagena Acquires 8-Unit Multifamily In Turtle Bay For $6M
SOLD
$66,248,000
+ 1
New York
See Similar DealsMultiFamily740,000 SF
Sold
SOLD
Katherine Cartagena Acquires 8-Unit Multifamily In Turtle Bay For $6M
340 E 51st St, New York, NY 10022, USA
See Similar DealsMultiFamily740,000 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$89
Total Square Footage:740000 SF
Transaction Type:Sale
The multifamily property located at 311 East 51st Street in the Turtle Bay market has been sold. The transaction took place on April 15, 2022. The property comprises 8 units, with a price per unit of $750,000. The total sale price for the property was $6,000,000. The total square footage of the property is 5,760, with a price per square foot of $1,041.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 8
- Price Per Unit: $750,000
- Square Footage: 5,760
- Price Per Square Foot: $1,041
- Market: Turtle Bay
Katherine Cartagena is the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,533,226.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$235,365.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$314,049.32
Annual Debt Service$3,768,591.82
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