Updated Oct 29, 2024
Alchemy Ventures Acquires Multifamily Property In East Village For $5.975M With Buyer's Rep Sam Kooris
340 East 9th Street, Manhattan, New York, NY, USA
$5,975,000
$818/SF
Building Size
7,302 SF
Asset Type
MultiFamily
Closing
Feb 4, 2021
About this deal
AI
A multifamily property located at 340 East 9th Street in the East Village was recently sold for a price of $5,975,000. The property consists of 10 units, including 9 residential units and 1 retail space. The total square footage of the property is 7,302, resulting in a price per square foot of $818. The buyer of the property is Sam Kooris from Alchemy Ventures, while the seller is Shimon Avadi. The transaction was facilitated by brokers Michael F. DeCheser and Bryan F. Hurley from CushWake.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,975,000
- Address: 340 East 9th Street
- Market: East Village
- Zoning: R8B
In this deal, Sam Kooris from Alchemy Ventures acted as the buyer, while Shimon Avadi served as the seller. The transaction was successfully negotiated with the assistance of brokers Michael F. DeCheser and Bryan F. Hurley from CushWake.
On the Map
$5,975,000
$818/SF
MultiFamily
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Players
New York 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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93