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
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