facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

327 East 12th Street, Manha...

David Speiser Acquires Multifamily Property In East Village, Manhattan For $11.7M
SOLDMultiFamily

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

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

David Speiser

Madison Realty Capital

Buyer

$84.5M

vol

7 deals

Buyer
David Goldwasser

David Goldwasser

Seller

$39.5M

vol

5 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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