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607 East 11th St

Tompkins East 11 LLC And Emmanuel Stark Purchase MultiFamily Property In New York For $6.95M
SOLDMultiFamily

Tompkins East 11 LLC And Emmanuel Stark Purchase MultiFamily Property In New York For $6.95M

607 East 11th St

$6,950,000

$711/SF

Building Size

9,765 SF

Asset Type

MultiFamily

Closing

Oct 16, 2013

AI

This transaction involves a multi-family asset located at 607 East 11th St, New York, with a total price of $6,950,000.00 and a square footage of 9,765.0. This deal showcases activity in the New York market specifically within the multi-family property category.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,950,000.00
  • Address: 607 East 11th St
  • Market: New York
  • Square Footage: 9,765.0
  • Buyer: Tompkins East 11 LLC and Emmanuel Stark
  • Seller: 607 East 11th Street Associates, LLC and Adam Daniels
  • Brokers: Khashy Eyn - Platinum Commercial

The deal includes notable representatives and entities. The buyers, Tompkins East 11 LLC and Emmanuel Stark, are acquiring the property from the sellers, 607 East 11th Street Associates, LLC and Adam Daniels. Khashy Eyn from Platinum Commercial acted as the broker in this transaction, representing the buyer throughout the deal process.

Players

Khashy Eyn

Platinum Commercial

Broker

$581.9M

vol

24 deals

Broker

Emmanuel Stark

Buyer
Buyer
TL
Tompkins East 11 LLCBuyer

Adam Daniels

Seller

$109.7M

vol

8 deals

Seller
6L
607 East 11th Street Associates, LLCSeller

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

2.28%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93