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327 East 12th Street, Manha...

Updated Oct 25, 2024

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

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

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

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Deal FAQ

About $913 per square foot on a published $11.7M for 12,811 square feet (2021).

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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

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