David Speiser Acquires East Village Multifamily For $8.4M
334 East 9th Street, Manhattan, New York, NY, USA
$8,379,598
$879/SF
Building Size
9,533 SF
Asset Type
MultiFamily
Closing
May 11, 2021
AI
A multifamily property located at 334 East 9th Street in East Village, Manhattan has been sold. The property is zoned as R8B and has a lot size of 2,352 square feet. The building has a total of 9,392 square feet of buildable space, with a price per buildable square foot of $892. The total lot size is 9,533 square feet, with a price per square foot of $879. The property has a floor area ratio (FAR) of 4.06 and falls under tax class 2. The last sale of this property was on September 10, 2015, for a price of $7,100,000. Permits for alteration type 3 were issued on July 28, 2017. The lot dimensions are 25 feet by 93.92 feet.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $8,379,598
- Buyer: David Speiser
- Seller: David Goldwasser
This transaction involved David Speiser as the buyer and David Goldwasser as the seller.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93