Slate Property Group And Alcion Ventures Acquire Multifamily Rental In Union Square For $106.5M
SOLD
$106,500,000
New York
See Similar DealsMultiFamily116,000 SF
Sold 08/15/2019
SOLD
Slate Property Group And Alcion Ventures Acquire Multifamily Rental In Union Square For $106.5M
60 E 12th St, New York, NY 10003, USA
See Similar DealsMultiFamily116,000 SF
Sold 08/15/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$918
Total Square Footage:116,000 SF
Transaction Type:Sale
The multifamily rental property located at 60 East 12th Street in Union Square has been sold in a closed transaction. The property spans 116,000 square feet and consists of 133 units. The sale price for this transaction was $106,500,000, resulting in a price per square foot of $918 and a price per unit of $800,751.
Summary of transaction details:
- Property Type: Multifamily Rental
- Transaction Amount: $106,500,000
- Address: 60 East 12th Street
- Market: Union Square
- Square Footage: 116,000
- Price per Square Foot: $918
- Units: 133
- Price per Unit: $800,751
The buyers of the property are Slate Property Group and Alcion Ventures. The seller in this transaction is Heller Realty. The buyer's representatives in this deal include Helen Hwang and Karen from Meridian Capital Group.
Players
BUYER
BUYER
SELLER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,680,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$378,372.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$504,864.33
Annual Debt Service$6,058,372.01
Is there something missing? Send suggestions