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337 East 13th Street, New Y...

Jonathan Leifer Acquires East Village Apartment Building From J Stuart Lemle For $24.25M
SOLDMultiFamily

Jonathan Leifer Acquires East Village Apartment Building From J Stuart Lemle For $24.25M

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

$24,250,000

$753/SF

Building Size

32,205 SF

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

Located in the East Village of Manhattan, the property at 333, 335, and 337 East 13th Street has been sold in a recent transaction. The apartment complex spans a total of 35,100 square feet, with a price of $24,250,000. The building has a total of 32,205 square feet and a price per square foot of $752. The property boasts a Floor Area Ratio (FAR) of 3.67 and falls under Tax Class 2. With a lot size of 2,925 square feet, the property underwent an Alteration permit on September 1st, 2020. The lot dimensions measure 28.33 feet by 103.25 feet.

Summary of Transaction Details

  • Property Type: Apartment
  • Transaction Amount: $24,250,000
  • Building Square Footage: 32,205
  • Price per Square Foot: $752
  • Lot Size: 2,925
  • Floor Area Ratio (FAR): 3.67
  • Tax Class: 2
  • Permits: Alteration (09/01/2020)
  • Lot Dimension: 28.33 ft x 103.25 ft

The buyer for this transaction is Jonathan Leifer, while the seller is J Stuart Lemle.

Players

Jonathan Leifer

Buyer

$57.5M

vol

4 deals

Buyer

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93