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437 East 12th Street

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

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

437 East 12th Street

$9,400,000

$501/SF

Building Size

18,732 SF

Asset Type

MultiFamily

Closing

Mar 3, 2025

AI

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

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker

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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93