Katherine Cartagena Acquires 8-Unit Multifamily In Turtle Bay For $6M
340 E 51st St, New York, NY 10022, USA
$66,248,000
$89/SF
Building Size
740,000 SF
Asset Type
MultiFamily
Closing
Feb 19, 2020
AI
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.
Players
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93