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
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