Updated Dec 21, 2023
Moscot Family Acquires Lower East Side Multifamily For $4.75M
94 Orchard Street, New York, NY 10002
$4,750,000
$601/SF
Building Size
7,900 SF
Asset Type
MultiFamily
Closing
May 17, 2020
About this deal
AI
The Moscot family has purchased a multifamily property located at 94 Orchard Street in the Lower East Side of Manhattan. The property spans 7,900 square feet and was sold for a price of $4,750,000, resulting in a price per square foot of $601.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 94 Orchard Street
- Market: Lower East Side, Manhattan
The buyer of the property was the Moscot family, while the seller was Alan Boryk.
The multifamily sale at 94 Orchard Street, New York, NY 10002 in New York, New York sold for $4.8M in 2020. The building is 7,900 square feet, implying about 601 per square foot on the published price. This page is the New York, New York file for the 94 Orchard Street, New York, NY 10002 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 94 Orchard Street, New York, NY 10002 around 2020. Published consideration for 94 Orchard Street, New York, NY 10002 is $4.8M, dated 2020. Cite this Moscot Family Acquires Lower East Side Multifamily For $4.75M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93