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444 15th Street

Marcel Fridman Acquires MultiFamily Property On 15th Street In New York City For $2.3M
SOLDMultiFamily

Marcel Fridman Acquires MultiFamily Property On 15th Street In New York City For $2.3M

444 15th Street

$2,300,000

$270/SF

Building Size

8,500 SF

Asset Type

MultiFamily

Closing

Feb 15, 2023

AI

The multi-family property located at 444 15th Street in New York City has been sold in a closed transaction. The property consists of 8 units with a total square footage of 8,500. The sale price for this transaction was $2,300,000, resulting in a price per unit of $287,500 and a price per square foot of $271.

Summary of Transaction Details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,300,000
  • Address: 444 15th Street, New York City
  • Market: New York City

Marcel Fridman was the buyer of the property, while the Askinazy Family acted as the seller in this transaction. The brokers involved in this deal were Ian Mednick and Scott Klein from Compass.

Players

Ian Mednick

Compass

Broker

$63.3M

vol

15 deals

Broker
Marcel Fridman

Marcel Fridman

Barcel Group

Buyer

$456.5M

vol

142 deals

Buyer

Market 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93