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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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