facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

32 Avenue a

Viking Management Acquires Multifamily Asset From ABJ Properties For $5.75M In East Village
SOLDMultiFamily

Viking Management Acquires Multifamily Asset From ABJ Properties For $5.75M In East Village

32 Avenue a

$5,750,000

$1,221/SF

Building Size

4,708 SF

Asset Type

MultiFamily

Closing

Oct 16, 2024

AI

The transaction involved a multifamily property located at 32 Avenue A in the East Village, Manhattan. The sale price was $5,750,000 for a total of 4 units. The property has a total square footage of 4,708, resulting in a price per unit of $1,437,500 and a price per square foot of $1,221.

Summary of transaction details:

This transaction featured key players including Viking Management as the buyer and ABJ Properties as the seller. The deal was facilitated by Harry James representing the buyer through Newmark, while the seller was represented by a team consisting of Zan Colin, Joseph Koicim, and Logan Markley from Marcus & Millichap.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93