Marcus & Millichap Brokers Sell Multifamily Property At 329 East 52nd Street, New York City For $3.35M
329 E 52nd St New York, NY 10022, USA
$3,350,000
$527/SF
Building Size
6,356 SF
Asset Type
MultiFamily
Closing
Aug 7, 2023
AI
A multifamily property located at 329 East 52nd Street in New York City has been sold for a price of $3,350,000. This property consists of 10 units, with a price per unit of $335,000. It spans across 6,356 square feet, with a price per square foot of $527.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Units: 10
- Price per Unit: $335,000
- Square Footage: 6,356
- Price per Square Foot: $527
- Address: 329 East 52nd Street, New York City
The sale of this multifamily property was facilitated by the brokers Michael Salvatico, Joe Koicim, Zan Colin, Logan Markley, and Kory Barbanel of Marcus & Millichap. These brokers played a key role in the successful completion of the deal, bringing together the buyer and seller to negotiate and finalize the transaction.
Players
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93