Updated Dec 4, 2024
Democratic Republic Of Congo Sells Multifamily Asset At 14 East 65th Street For $9M
14 East 65th Street
$9,000,000
$900/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Sep 19, 2024
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 14 East 65th Street in Lenox Hill, Manhattan. The transaction was completed on September 19, 2024, for a total sale price of $9,000,000. The building has a total square footage of 10,000 and a price per square foot of $900.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Sale Date: September 19, 2024
- Address: 14 East 65th Street
- Market: Lenox Hill, Manhattan
- Square Footage: 10,000
- Price per Square Foot: $900
- Seller: Democratic Republic of Congo - Jerry Owassi
- Broker: Asher Alcobi - Peter Ashe Real Estate
- Note: Off Market Transaction!
In this transaction, Jerry Owassi represented the seller, the Democratic Republic of Congo. Asher Alcobi served as the broker, affiliated with Peter Ashe Real Estate, facilitating the sale process for the multifamily asset.
On the Map
$9,000,000
$900/SF
MultiFamily
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93