Updated Sep 5, 2024
Marcus & Millichap Sells West 10th Street Multifamily For $3.25M With Seller's Rep The Nunez Family And Brokers Joe Koicim, Logan Markley & Peter Dodge
69 W 10th St New York, NY 10011, USA
$3,250,000
$1,065/SF
Building Size
3,050 SF
Asset Type
MultiFamily
Closing
May 24, 2023
About this deal
AI
The multifamily property located at 69 West 10th Street in New York City has been sold for a price of $3,250,000. The transaction took place on May 24, 2023, and was facilitated by brokers Joe Koicim, Logan Markley, and Peter Dodge from Marcus & Millichap. The property consists of two units with a total square footage of 3,050. The per unit price for this sale was $1,625,000, and the price per square foot was $1,066.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 69 West 10th Street, New York City
- Market: New York City
- Seller: The Nunez Family
- Brokers: Joe Koicim, Logan Markley, and Peter Dodge - Marcus & Millichap
- Units: 2
- Price per Unit: $1,625,000
- Total Square Footage: 3,050
- Price per Square Foot: $1,066
This successful transaction was the result of the efforts of Joe Koicim, Logan Markley, and Peter Dodge from Marcus & Millichap, who represented the buyer and seller in the deal. The Nunez Family acted as the seller for this multifamily property. The transaction price of $3,250,000 reflects the value of the property in the New York City market. The property offers two units, providing a lucrative investment opportunity.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93