Updated Nov 17, 2023
Muneef Alsayedi Acquires 24-Unit Multifamily Building In East Village For $5M
414 East 11th Street New York, New York 10009, USA
$5,000,000
$673/SF
Building Size
7,420 SF
Asset Type
MultiFamily
Closing
May 18, 2023
About this deal
AI
Muneef Alsayedi has acquired a 24-unit residential walk-up building at 414 East 11th Street in East Village, Manhattan. The property was sold for $5 million by Tova Rabunski, Harriet Rabunski Leventhal, and Alan E. Rabunski.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 414 East 11th Street, East Village, Manhattan
- Market: East Village, Manhattan
Muneef Alsayedi acted as the buyer in this transaction, while Tova Rabunski, Harriet Rabunski Leventhal, and Alan E. Rabunski were the sellers. The deal was represented by Harriet 11th Street LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93