Alpha Realty And Development Site Advisors Facilitate $5.25M Sale Of A Multifamily Property On E. 6th St., New York
SOLD
$5,250,000
New York
See Similar DealsMultiFamily6,985 SF
Sold 06/17/2022
SOLD
Alpha Realty And Development Site Advisors Facilitate $5.25M Sale Of A Multifamily Property On E. 6th St., New York
631 East 6th Street
See Similar DealsMultiFamily6,985 SF
Sold 06/17/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$751
Total Square Footage:6,985 SF
Transaction Type:Sale
A multifamily property located at 631 E. 6th St. in New York has been sold for $5,250,000. The property spans 6,985 square feet, resulting in a price per square foot of $751.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 631 E. 6th St.
- Market: New York
- Square Footage: 6,985
- Price per Square Foot: $751
The deal was facilitated by Lev Mavashev and Shai Egison from Alpha Realty, along with Lev Kimyagarov from Development Site Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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