facebook
Traded Co logo
Submit

Marcus & Millichap Sells Gramercy Park Multifamily Property For $8.9M With Sellers Rep Peter Von Der Ahe, Joe Koicim & Jared Bernstein

Property Image
SOLD
$8,900,000
Peter Von Der Ahe
Jared Bernstein
+ 1

New York

See Similar Deals
MultiFamily13,984 SF
Sold 06/04/2020
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Gramercy Park Multifamily Property For $8.9M With Sellers Rep Peter Von Der Ahe, Joe Koicim & Jared Bernstein

332 East 19th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily13,984 SF
Sold 06/04/2020
Peter Von Der Ahe
Jared Bernstein
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$636
Total Square Footage:13,984 SF
Transaction Type:Sale

The multifamily property located at 332 East 19th Street in Gramercy Park was recently sold in a transaction facilitated by Peter Von Der Ahe, Joe Koicim, and Jared Bernstein of New York Multifamily and Marcus & Millichap NY. The seller of the property was Milton Merl.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,900,000
  • Address: 332 East 19th Street
  • Market: Gramercy Park

The property has a building square footage of 11,040, resulting in a price per square foot of $806. The total square footage of the property is 13,984, with a price per square foot of $636. The multifamily asset consists of 24 units, and the price per unit in the transaction was $370,833.

It is noteworthy that the deal involved the collaborative efforts of Peter Von Der Ahe, Joe Koicim, and Jared Bernstein, who represented the buyer and seller in the transaction. Their expertise and professional representation played a crucial role in the successful completion of the sale.

Players

Jared Bernstein
13 deals$99.6M volume
BROKER

Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
172 deals$2.7B volume(212) 430-5147
BROKER

Details

SOLD
IMAGE: Jared Bernstein, Peter Von Der Ahe & Joe Koicim DATE: 06/04/2021 ADDRESS: 332 East 19th Street MARKET: Gramercy Park ASSET TYPE: Multifamily SELLER: Milton Merl BROKERS: Peter Von Der Ahe, Joe Koicim & Jared Bernstein @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $8,900,000 BSF: 11,040 ~ PPBSF: $806 SF: 13,984 ~ PPSF: $636 UNITS: 24 ~ PPU: $370,833

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$474,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49