Updated Oct 13, 2026
Jacob Fulop Acquires Multifamily Property In Alphabet City For $5.25M
631 East 6th Street, New York City, New York 10009, United States
$5,250,000
$751/SF
Building Size
6,985 SF
Asset Type
MultiFamily
Closing
Jun 30, 2022
About this deal
AI
The multifamily property located at 631 East 6th Street in Alphabet City has been sold in a closed transaction. The property consists of 10 units, with a total square footage of 6,985. The sale price for the property was $5,250,000, resulting in a price per unit of $525,000 and a price per square foot of $751.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Address: 631 East 6th Street
- Market: Alphabet City
- Buyer: Jacob Fulop
- Seller: The Bridge - Carole Gordon
- Units: 10
- Price per Unit: $525,000
- Square Footage: 6,985
- Price per Square Foot: $751
Jacob Fulop was the buyer in this transaction, while The Bridge - Carole Gordon represented the seller. This deal represents a significant investment opportunity in the Alphabet City market and showcases the demand for multifamily properties in the area.
On the Map
$5,250,000
$751/SF
MultiFamily
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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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93