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
New York 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93