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315 East 51st Street

Linda Slutzk Sells 315 East 51st Street Multifamily In Turtle Bay For $3.325M
SOLDMultiFamily

Linda Slutzk Sells 315 East 51st Street Multifamily In Turtle Bay For $3.325M

315 East 51st Street

$3,325,000

$586/SF

Building Size

5,670 SF

Asset Type

MultiFamily

Closing

Feb 27, 2025

AI

The asset involved in the transaction is a multifamily property located at 315 East 51st Street in the Turtle Bay market. The sale price for the property was $3,325,000, which encompasses 7 units. The total square footage of the asset is 5,670, resulting in a per unit price of $475,000 and a price per square foot of $586.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,325,000
  • Units: 7
  • Square Footage: 5,670
  • Price Per Unit: $475,000
  • Price Per Square Foot: $586
  • Seller: Linda Slutzk
  • Buyer's Representative: Edward Kalisvaart & Zackary Couch - Keller Williams NYC
  • Seller's Representative: Alan Stenson - Brax Realty

In this transaction, Linda Slutzk acted as the seller, while Alan Stenson from Brax Realty represented her. Edward Kalisvaart and Zackary Couch from Keller Williams NYC represented the buyer in this deal.

Players

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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

4.77%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93