Updated Sep 5, 2024
Avison Young Brokers Facilitate $15.3M Multifamily Sale On 3rd Avenue, New York City
61 3rd Pl Brooklyn, NY 11231, USA
$15,300,000
$701/SF
Building Size
21,816 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
A multifamily property located at 61-65 3rd Avenue in New York City has been sold for a total of $15,300,000. The property consists of 24 units with an average price per unit of $637,500. The total square footage of the property is 21,816, with a price per square foot of $701.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,300,000
- Units: 24
- Price per Unit: $637,500
- Total Square Footage: 21,816
- Price per Square Foot: $701
The sale of this multifamily property was facilitated by Brandon Polakoff, Fritz Richter, Ryan McGuirl, Noah Kossoff, and Joseph Moran from Avison Young.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93