Weber Frank Real Estate Brokers Facilitate $3.8M Multifamily Sale On 350 7th Avenue, New York City
SOLD
$3,800,000
New York
See Similar DealsMultiFamily4,000 SF
Sold 03/21/2023
SOLD
Weber Frank Real Estate Brokers Facilitate $3.8M Multifamily Sale On 350 7th Avenue, New York City
350 7th Avenue
See Similar DealsMultiFamily4,000 SF
Sold 03/21/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$950
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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