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

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SOLD
$6,950,000

New York

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MultiFamily9,765 SF
Sold 10/16/2013
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SOLD

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

607 East 11th St

See Similar Deals
MultiFamily9,765 SF
Sold 10/16/2013
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$711
Total Square Footage:9,765 SF
Lot Square Footage:2581 SF
Transaction Type:Sale

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
24 deals$581.9M volume(212) 825-0050
BROKER

Details

SOLD
IMAGE: 10/16/2013 ADDRESS: 607 East 11th St MARKET: New York ASSET TYPE: MultiFamily BROKERS: Khashy Eyn(Platinum Commercial) BUYER: Tompkins East 11 LLC and Emmanuel Stark SELLER: 607 East 11th Street Associates, LLC and Adam Daniels PRICE: $6,950,000.00 SF: 9765.0

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,691.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,946.55
Annual Debt Service$395,358.55