Updated Feb 16, 2024
Alpha Realty And Development Site Advisors Sell Multifamily Property In New York For $5.25M
243 E 7th St, New York, NY 10009, USA
$4,350,000
$140/SF
Building Size
30,950 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
A multifamily property located at 631 E. 6th St. in New York has been sold for a total of $5,250,000. The property spans 6,985 square feet, resulting in a price per square foot of $751. The sale was completed on June 17, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 631 E. 6th St.
- Market: New York
- Brokers: Lev Mavashev & Shai Egison - Alpha Realty & Lev Kimyagarov - Development Site Advisors
- Square Footage: 6,985
- Price per Square Foot: $751
The brokers involved in this transaction were Lev Mavashev and Shai Egison from Alpha Realty, along with Lev Kimyagarov from Development Site Advisors. Their expertise in the real estate industry facilitated the successful completion of the sale.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93