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422 Himrod Street

Updated Sep 5, 2024

Jackson Family Sells Multifamily Property In New York City For $1.9M With Marcel Fridman - Barcel Group
SOLDMultiFamily

Jackson Family Sells Multifamily Property In New York City For $1.9M With Marcel Fridman - Barcel Group

422 Himrod Street

$1,900,000

$389/SF

Building Size

4,875 SF

Asset Type

MultiFamily

Closing

Feb 10, 2023

About this deal

AI

The multifamily property located at 422 Himrod Street in New York City has been sold in a recent transaction. The property, spanning 4,875 square feet, consists of 6 units. The sale price for this property was $1,900,000, resulting in a per unit price of $316,667. The price per square foot was calculated as $390. The seller of this property was the Jackson Family.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Units: 6
  • Price per Unit: $316,667
  • Square Footage: 4,875
  • Price per Square Foot: $390
  • Address: 422 Himrod Street, New York City

The sale of this property was facilitated by Marcel Fridman from the Barcel Group, who served as the broker. The building was delivered fully vacant, as stated by the broker.

Players

Marcel Fridman

Barcel Group

Broker

$468.3M

vol

146 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $389 per square foot on a published $1.9M for 4,875 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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