Updated Oct 25, 2024
Katherine Cartagena Acquires Multifamily Property In Turtle Bay For $6M
311 East 51st Street, New York City, New York 10022, United States
$4,500,000
$781/SF
Building Size
5,760 SF
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
The multifamily property located at 311 East 51st Street in the Turtle Bay market has been sold for a price of $6,000,000. The property consists of 8 units, with an average price per unit (PPU) of $750,000. The total square footage of the property is 5,760, resulting in a price per square foot (PPSF) of $1,041.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 8
- Average Price per Unit (PPU): $750,000
- Square Footage: 5,760
- Price per Square Foot (PPSF): $1,041
- Address: 311 East 51st Street
- Market: Turtle Bay
The buyer of the property is Katherine Cartagena.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Katherine Cartagena to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93