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
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