Marcus & Millichap Brokers Sell Multifamily Property At 329 East 52nd Street, New York City For $3.35M
SOLD
$3,350,000
+ 2
New York
See Similar DealsMultiFamily6,356 SF
Sold 08/07/2023
SOLD
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
See Similar DealsMultiFamily6,356 SF
Sold 08/07/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$527
Total Square Footage:6,356 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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