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
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