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407 East 6th Street

Hadar Goldman Acquires Multifamily Property In East Village For $4.1M
SOLDMultiFamily

Hadar Goldman Acquires Multifamily Property In East Village For $4.1M

407 East 6th Street

$4,100,000

$1,008/SF

Building Size

4,064 SF

Asset Type

MultiFamily

Closing

Dec 10, 2020

AI

The multifamily property located at 407 E 6th Street in the East Village neighborhood was recently sold for $4,100,000. The transaction took place on 12/10/2020, with Hadar Goldman as the buyer and Mark Fischler as the seller. The property consists of 4 units, with a total square footage of 4,064. The price per square foot is $1,008, and the price per unit is $1,025,000. The asset type is classified as multifamily, and the building has a buildable square footage of 7,780. The property falls under tax class 2A. The last recorded sale of the property was for $3.605M in December 2012.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,100,000
  • Address: 407 E 6th Street
  • Market: East Village
  • Buyer: Hadar Goldman
  • Seller: Mark Fischler
  • Brokers: Michael DeCheser & Bryan Hurley (Cushman and Wakefield)
  • Price per Square Foot: $1,008
  • Price per Unit: $1,025,000
  • Buildable Square Footage: 7,780
  • Tax Class: 2A
  • Last Sale Amount: $3.605M (12/2012)

Michael DeCheser and Bryan Hurley from Cushman and Wakefield represented both the buyer and seller in the transaction. They played key roles in facilitating the deal and ensuring a successful closing. This sale marks a significant transaction in the East Village real estate market, highlighting the demand for multifamily properties in the area.

Players

Bryan Hurley

Cushman & Wakefield

Broker

$428.3M

vol

42 deals

Broker

Hadar Goldman

Goldman Investments

Buyer

$22.1M

vol

4 deals

Buyer

Mark Fischler

Seller

$24.1M

vol

3 deals

Seller

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93