Updated Oct 25, 2024
David Speiser Acquires Multifamily Property In East Village, Manhattan For $11.7M
327 East 12th Street, Manhattan, New York, NY, USA
$11,696,155
$913/SF
Building Size
12,811 SF
Asset Type
MultiFamily
Closing
May 11, 2021
About this deal
AI
The multifamily property located at 327 East 12th Street in the East Village, Manhattan has been sold in a closed transaction. The property is zoned as R8B and has a floor area ratio (FAR) of 4.61. The lot size is 2,788 square feet with dimensions of 26.92 ft x 103.25 ft. The property was last sold on 9/10/2015 for $6,725,000 and underwent an alteration type 2 permit on 07/27/2016.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,696,155
- Buyer: David Speiser
- Seller: David Goldwasser
- Building Square Footage: 12,811
- Price per Square Foot: $912
- Permits: Alteration type 2 (07/27/2016)
David Speiser has made the purchase of this multifamily property for $11,696,155. The seller, David Goldwasser, closed the deal with the buyer. The property offers a total square footage of 12,811 with a price per square foot of $912. The transaction also involved an alteration type 2 permit, indicating modifications made to the property in July 2016.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93