facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

333 East 13th Street, New Y...

Jonathan Leifer & Parke Leatherman Acquire Multifamily Properties In Manhattan For $24.25M
SOLDMultiFamily

Jonathan Leifer & Parke Leatherman Acquire Multifamily Properties In Manhattan For $24.25M

333 East 13th Street, New York City, New York 10003, United States

$24,250,000

$725/SF

Building Size

33,450 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

AI

The multifamily property located at 333, 335 & 337 East 13th Street in Manhattan has been sold for a price of $24,250,000. The property spans across 33,450 square feet, resulting in a price per square foot of $724. The sale took place on January 26, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $24,250,000
  • Address: 333, 335 & 337 East 13th Street, Manhattan
  • Market: Manhattan

The property was purchased by Jonathan Leifer and Parke Leatherman from the seller, Craig Lemle. The transaction was facilitated by the brokers Brandon Polakoff and James Nelson from Avison Young.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

Jonathan Leifer

Buyer

$57.5M

vol

4 deals

Buyer

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93