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69 W 10th St New York, NY 1...

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
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.3M for 3,050 square feet (2023).

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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

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