Updated Sep 9, 2024
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
New York City 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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93