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329 E 52nd St New York, NY ...

Marcus & Millichap Brokers Sell Multifamily Property At 329 East 52nd Street, New York City For $3.35M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93