Updated Oct 28, 2024
Benny Zuta Acquires Multifamily Property In Midtown East For $2.15M
331 East 52nd Street, New York, NY 10022, USA
$2,150,000
$350/SF
Building Size
6,139 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
About this deal
AI
A multifamily property located at 331 East 52nd Street in Midtown East has been sold for $2,150,000. The property spans 6,139 square feet and has a price per square foot of $350. The transaction took place on October 7, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 331 East 52nd Street
- Market: Midtown East
- Tax Class: 2B
The buyer of the property is Benny Zuta, while the seller is Broadview Consultants Inc. The deal was facilitated by Aaron Jungreis and Ben Khakshoor from the Rosewood Realty Group, who served as the brokers in the transaction.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93