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8 Centre Market Place

Marcus & Millichap Facilitates $7.4M Sale Of Multifamily Property In New York City
SOLDMultiFamily

Marcus & Millichap Facilitates $7.4M Sale Of Multifamily Property In New York City

8 Centre Market Place

$7,400,000

$1,054/SF

Building Size

7,020 SF

Asset Type

MultiFamily

Closing

Apr 26, 2023

AI

The multifamily property located at 8 Centre Market Place in New York City has been sold for a total price of $7,400,000. The property consists of 9 units with an average price per unit of $822,222. The total square footage of the property is 7,020, with an average price per square foot of $1,054.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,400,000
  • Units: 9
  • Price per Unit: $822,222
  • Square Footage: 7,020
  • Price per Square Foot: $1,054

The sale of the property was facilitated by the brokers Joe Koicim, Logan Markley, and Peter Dodge from Marcus & Millichap.

Joe Koicim, Logan Markley, and Peter Dodge, representatives from Marcus & Millichap, played a key role in the transaction. They successfully closed the deal for the multifamily property at 8 Centre Market Place, New York City.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Market 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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93