Updated Oct 25, 2024
Parag Sawhney Acquires Multifamily Property In East Village For $4M
73 E 2nd St, New York, NY 10009, USA
$4,000,000
$586/SF
Building Size
6,825 SF
Asset Type
MultiFamily
Closing
Sep 20, 2020
About this deal
AI
The multifamily property located at 73 East 2nd St. in the East Village was sold on September 21, 2020. The property is situated in an R8B zoned area and spans a total of 6,825 square feet. The transaction resulted in a sale price of $4,000,000, leading to a price per square foot of $586. The lot size measures 25 feet by 67.33 feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- SF: 6,825
- PPSF: $586
- Lot Size: 25 ft x 67.33 ft
The buyer of the property is Parag Sawhney, while the seller is Allison Schifini.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93