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Multifamily Property At 437 East 12th Street Sold For $9.4M By Cushman & Wakefield

Property Image
SOLD
$9,400,000
Michael Decheser
Bryan Hurley
+ 1

New York

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MultiFamily18,732 SF
Sold 03/03/2025
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Property Image
SOLD

Multifamily Property At 437 East 12th Street Sold For $9.4M By Cushman & Wakefield

437 East 12th Street

See Similar Deals
MultiFamily18,732 SF
Sold 03/03/2025
Michael Decheser
Bryan Hurley
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$501
Total Square Footage:18,732 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 437 East 12th Street in the East Village, Manhattan. It is a multifamily asset consisting of 41 units, with a total square footage of 18,732. The property has been sold for a total price of $9,400,000, resulting in a price per unit of $229,268 and a price per square foot of $501.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,400,000
  • Units: 41
  • Square Footage: 18,732
  • Price Per Unit: $229,268
  • Price Per Square Foot: $501
  • Market: East Village, Manhattan

The deal was facilitated by brokers Andrew Berry, Bryan Hurley, Michael Decheser, and Charlie Gravina from Cushman & Wakefield, representing the seller. For more information about this transaction or to inquire about any of their other offerings, inquiries can be directed to Andrew Berry at [email protected].

Players

Charlie Gravina
21 deals$280.6M volume
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Bryan Hurley
Cushman & Wakefield
42 deals$428.3M volume(212) 660-7706
BROKER

Michael Decheser
Cushman & Wakefield
41 deals$363.4M volume(917) 974-9207
BROKER

Details

SOLD
IMAGE: Andrew Berry, Bryan Hurley, Michael Decheser & Charlie Gravina DATE: 03/03/2025 ADDRESS: 437 East 12th Street MARKET: East Village, Manhattan ASSET TYPE: Multifamily BROKERS: Andrew Berry (@ATBerry3), Bryan Hurley, Michael Decheser (@MichaelFDeCheser) & Charlie Gravina (@Chuckee_G) - Cushman & Wakefield (@CushWake) SALE PRICE: $9,400,000 UNITS: 41 ~ PPU: $229,268 SF: 18,732 ~ PPSF: $501 NOTE FROM BROKER: For more information about this transaction or to inquire about any of our other offerings, please feel free to reach out to Andrew Berry at [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$501,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55