Updated Oct 29, 2024
Spruce Capital Partners Acquires Multi-Family Property In Manhattan For $12.75M
323 E 79th St, New York, NY 10075, USA
Building Size
8,084 SF
Asset Type
MultiFamily
Closing
Nov 14, 2017
About this deal
AI
The multi-family property located at 323 E 79th Street in New York City, Manhattan has been sold in a closed transaction. The property spans a total area of 8,084 square feet and was sold for a price of $12,750,000, resulting in a price per square foot of $1,577.
Summary of transaction details
- Property Type: Multi family
- Transaction Amount: $12,750,000
- Address: 323 E 79th Street
- City: New York
- Market: Manhattan
The seller of the property was First Hungarian Literary Society Incorporated. The buyer in this transaction was Spruce Capital Partners, represented by Robert Schwartz.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93