SOLDMultiFamily
Alpha Realty And Development Site Advisors Facilitate $5.25M Sale Of A Multifamily Property On E. 6th St., New York
631 East 6th Street
$5,250,000
$751/SF
Building Size
6,985 SF
Asset Type
MultiFamily
Closing
Jun 17, 2022
AI
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.
Players
Ketchum 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93