Penn South Capital Acquires Multifamily Property At 94 Ave A In East Village For $9.6M
SOLD
$9,600,000
+ 1
New York
See Similar DealsMultiFamily9,156 SF
Sold 04/22/2019
SOLD
Penn South Capital Acquires Multifamily Property At 94 Ave A In East Village For $9.6M
94 Avenue A, New York, NY, USA
See Similar DealsMultiFamily9,156 SF
Sold 04/22/2019
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,048
Total Square Footage:9,156 SF
Transaction Type:Sale
A multifamily property located at 94 Ave A in the East Village has been sold for a reported price of $9.6 million. The property spans an area of 9,156 square feet, resulting in a price per square foot of $1,048. The transaction took place on April 22, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9.6 million
- Address: 94 Ave A
- Market: East Village
The buyer of the property is Penn South Capital, represented by Raymond Chera. On the other hand, Pinchas Milstein and Amnon Kahati acted as the sellers. The deal was facilitated by Tim Graney, Josh Frank, Sion Misrahi, and Jason Misrahi from the Misrahi Realty Group.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$511,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77
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