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350 7th Avenue

Weber Frank Real Estate Brokers Facilitate $3.8M Multifamily Sale On 350 7th Avenue, New York City
SOLDMultiFamily

Weber Frank Real Estate Brokers Facilitate $3.8M Multifamily Sale On 350 7th Avenue, New York City

350 7th Avenue

$3,800,000

$950/SF

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

Mar 21, 2023

AI

The multifamily property located at 350 7th Avenue in New York City has been sold for a total price of $3,800,000. The property consists of 5 units, resulting in a price per unit of $760,000. The total square footage of the property is 4,000 square feet, with a price per square foot of $950.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Units: 5
  • Price per Unit: $760,000
  • Square Footage: 4,000
  • Price per Square Foot: $950

The sale of this property was facilitated by John Barney and Gregory Melanson of Weber Frank Real Estate. They represented the buyer and seller in this transaction, providing their expertise to ensure a successful deal.

Players

Gregory Melanson

Weber Frank Real Estate

Broker

$91.1M

vol

19 deals

Broker

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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93