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
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