SOLDMultiFamily
The Tatar Family Acquires East Village Multifamily For $5.1M
506 East 6th Street
$5,100,000
$747/SF
Building Size
6,825 SF
Asset Type
MultiFamily
Closing
Jan 12, 2024
AI
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 506 East 6th Street
- Market: East Village, Manhattan
- Units: 14
- Price Per Unit: $364,286
- Square Footage: 6,825
- Price Per Square Foot: $747
- Buyer: The Tatar Family
- Broker: Michael Sherman - Baseline Real Estate Advisors
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93