Updated Sep 5, 2024
Targo Capital Partners Acquires Multifamily Properties In East Village For $16.8M
326 East 4th Street
$16,800,000
$857/SF
Building Size
19,596 SF
Asset Type
MultiFamily
Closing
Aug 4, 2022
About this deal
AI
The sale of a multifamily property in East Village has been completed at a price of $16,800,000. The property, located at 326-328 East 4th St., consists of 20 units with a total square footage of 19,596. The sale price per unit comes to $840,000, while the price per square foot is $857.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,800,000
- Address: 326-328 East 4th St.
- Market: East Village
- Units: 20
- Price per Unit: $840,000
- Square Footage: 19,596
- Price per Square Foot: $857
The buyer, Targo Capital Partners represented by David Gleitman and Adam Basuljevic, acquired the property from Stephen Schacter. The sale was facilitated by Joe Koicim, Logan Markley, and Matt Berger from Marcus & Millichap. This purchase marks TARGO's fifth acquisition in Downtown Manhattan. The buyer expresses interest in further investment opportunities in prime Manhattan neighborhoods and invites potential deals to be sent to [email protected].
Players
Tulsa 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93