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340 E 51st St, New York, NY...

Katherine Cartagena Acquires 8-Unit Multifamily In Turtle Bay For $6M
SOLDMultiFamily

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

David Krantz

Broker

$419.8M

vol

6 deals

Broker

Katherine Cartagena

Buyer

$81M

vol

3 deals

Buyer

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93