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73 East 3rd Street, New Yor...

Fairview Property Group Acquires East Village Multifamily For $19.05M With Brokers John Florek & Jonathan Schwartz
SOLDMultiFamily

Fairview Property Group Acquires East Village Multifamily For $19.05M With Brokers John Florek & Jonathan Schwartz

73 East 3rd Street, New York City, New York 10003, United States

$19,050,000

$863/SF

Building Size

22,050 SF

Asset Type

MultiFamily

Closing

Jun 28, 2022

AI

A multifamily property located at 73-75 E. 3rd St. in the East Village has been sold for a total price of $19,050,000. The property consists of 48 units, with an average price per unit of $396,875. The total square footage of the property is 22,050, resulting in a price per square foot of $863.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $19,050,000
  • Units: 48
  • Price Per Unit (PPU): $396,875
  • Square Footage (SF): 22,050
  • Price Per Square Foot (PPSF): $863
  • Address: 73-75 E. 3rd St.
  • Market: East Village

The sale of this multifamily property was facilitated by John Florek and Jonathan Schwartz from Fairview Property Group. Fairview Property Group specializes in off-market properties throughout New York City, and if you are interested in learning more about other opportunities or joining their team in the future, you can reach them at [email protected].

Players

John Florek

Fairview Property Group

Broker

$264.7M

vol

13 deals

Broker

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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93