Updated Feb 16, 2024
Marcel Fridman, Barcel Group Acquires Multifamily Property In East Village For $4.5M
528 East 5th Street, Manhattan, New York, NY, USA
$4,500,000
$842/SF
Building Size
5,340 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
Located in the East Village, the multifamily property at 528 East 5th St. was recently sold in a closed transaction. The property consists of 8 units with a total square footage of 5,340. The sale price for this transaction was $4,500,000, resulting in a price per unit of $562,500 and a price per square foot of $842.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 528 East 5th St.
- Market: East Village
The Cacciatore Family served as the seller in this transaction, while the buyer was represented by Marcel Fridman from Barcel Group. Giuseppe Airo from Douglas Elliman acted as the seller's representative. This successful deal demonstrates the expertise and professionalism of all parties involved.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93