Updated Sep 5, 2024
Alpha Realty Brokers $5.5M Sale Of Vacant Multifamily Property On Graham Avenue In New York City
285 Graham Ave.,
$5,500,000
$883/SF
Building Size
6,224 SF
Asset Type
MultiFamily
Closing
Dec 28, 2022
About this deal
AI
A vacant multifamily property located at 285 Graham Avenue in New York City has been sold for $5,500,000. The property spans 6,224 square feet, resulting in a price per square foot of $884.
Summary of transaction details:
- Property Type: Vacant Multifamily
- Transaction Amount: $5,500,000
- Address: 285 Graham Avenue
- Market: New York City
- Broker: Lev Mavashev - Alpha Realty
The deal was facilitated by Lev Mavashev of Alpha Realty. His expertise and representation were instrumental in the successful completion of the transaction.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93