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
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