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3219 East Tremont Avenue

Anibal Gomez Acquires Multifamily Property On East Tremont Avenue In New York City For $6.3M
SOLDMultiFamily

Anibal Gomez Acquires Multifamily Property On East Tremont Avenue In New York City For $6.3M

3219 East Tremont Avenue

$6,300,000

$315/SF

Building Size

19,995 SF

Asset Type

MultiFamily

Closing

Apr 5, 2023

AI

Located at 3219 East Tremont Avenue in New York City, this multifamily property was recently sold in a closed transaction. The property spans 19,995 square feet and was acquired for a sale price of $6,300,000, resulting in a price per square foot of $315. The buyer of the property was Anibal Gomez, while the seller was Bluestone Group, represented by Eli Tabak. The transaction was facilitated by Skyler Gironda and Richard Guarino from Friedman-Roth Realty.

Summary of transaction details

A special thanks was given to Jose Espinal, Anthony Simari Esq., and David Hager Esq. for their involvement in the transaction.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$305.7M

vol

52 deals

Broker
Eli Tabak

Eli Tabak

Bluestone Group

Seller

$23.7M

vol

4 deals

Seller

Market 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93