Updated Sep 9, 2024
Michael Siderakis Acquires 12-Unit MultiFamily Property In New York City For $2.775M
43 E 41st St New York, NY 10017, USA
$2,775,000
$398/SF
Building Size
6,966 SF
Asset Type
MultiFamily
Closing
May 18, 2023
About this deal
AI
The multi-family property located at 43-18 41st Street in New York City has been sold in a recent transaction. The property consists of 12 units with a total square footage of 6,966. The sale price for this transaction was $2,775,000, resulting in a price per unit of $231,250 and a price per square foot of $398.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,775,000
- Address: 43-18 41st Street, New York City
- Market: New York City
- Units: 12
- Price Per Unit: $231,250
- Square Footage: 6,966
- Price Per Square Foot: $398
The buyer for this transaction is Michael Siderakis, while the seller is Peter Chin. Representing the transaction was Christen Portelli from Highcap Group.
On the Map
$2,775,000
$398/SF
MultiFamily
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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
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93