Updated Dec 4, 2024
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
About this deal
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
The multifamily sale at 506 East 6th Street in New York, New York sold for $5.1M in 2024. Reported inventory is 6,825 square feet across 14 units, or about 747 per square foot. Michael Sherman, Abe Cohen, Baseline Real Estate Advisors appear on the sale alongside Baseline Real Estate Advisors. This page is the New York, New York file for the 506 East 6th Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 506 East 6th Street around 2024. Published consideration for 506 East 6th Street is $5.1M, dated 2024. Cite this The Tatar Family Acquires East Village Multifamily For $5.1M sale when underwriting similar multifamily product around New York, New York.
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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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93