Updated Sep 5, 2024
Avison Young Brokers Brandon Polakoff & Ryan McGuirl Facilitate $6.25M Sale Of Multifamily Property At 425 & 543 East 6th Street In Manhattan
425 E 6th St New York, Ny 10009, Usa
$6,250,000
$373/SF
Building Size
16,731 SF
Asset Type
MultiFamily
Closing
Jul 14, 2023
About this deal
AI
The multifamily property located at 425 & 543 East 6th Street in Manhattan has been sold for $6,250,000. The property spans 16,731 square feet, resulting in a price per square foot of $374. The transaction took place on 07/14/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Square Footage: 16,731
- Price per Square Foot: $374
- Address: 425 & 543 East 6th Street
- Market: Manhattan
Brandon Polakoff and Ryan McGuirl from Avison Young served as the brokers in this deal.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93