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314 Cornelia Street

Updated Sep 9, 2024

Ari Harkov Acquires New York City Multifamily At 314 Cornelia St. For $3.7M
SOLDMultiFamily

Ari Harkov Acquires New York City Multifamily At 314 Cornelia St. For $3.7M

314 Cornelia Street

$3,722,564

$853/SF

Building Size

4,361 SF

Asset Type

MultiFamily

Closing

Dec 22, 2022

About this deal

AI

A multifamily property located at 314 Cornelia Street in New York City has been sold for a price of $3,722,564. The property spans across 4,361 square feet, resulting in a price per square foot of $854.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,722,564
  • Square Footage: 4,361
  • Price Per Square Foot: $854
  • Address: 314 Cornelia Street, New York City
  • Market: New York City

The buyer in this transaction was represented by Ari Harkov from Brown Harris Stevens, while the seller was represented by Fritz Richter and Brent Glodowski from Avison Young.

Players

Brent Glodowski

Avison Young

Broker

$638.2M

vol

36 deals

Broker

New York City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $853 per square foot on a published $3.7M for 4,361 square feet (2022).

Visit Brent Glodowski to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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