Jonathan Leifer & Parke Leatherman Acquire Multifamily Properties In Manhattan For $24.25M
SOLD
$24,250,000
New York
See Similar DealsMultiFamily33,450 SF
Sold 01/26/2022
SOLD
Jonathan Leifer & Parke Leatherman Acquire Multifamily Properties In Manhattan For $24.25M
333 East 13th Street, New York City, New York 10003, United States
See Similar DealsMultiFamily33,450 SF
Sold 01/26/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$725
Total Square Footage:33,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$86,155.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$114,957.37
Annual Debt Service$1,379,488.46
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