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
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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93