Updated Dec 18, 2024
Multifamily Property At 64 Fulton Street Sold For $18.87M By Newmark Brokers
64 Fulton Street
$18,875,000
$456/SF
Building Size
41,369 SF
Asset Type
MultiFamily
Closing
Dec 6, 2024
About this deal
AI
The property asset involved in this transaction is located at 64 Fulton Street in the Financial District, characterized as a multifamily asset. The sale price was recorded at $18,875,000, encompassing a total square footage of 41,369, which translates to a price per square foot of $456.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $18,875,000
- Address: 64 Fulton Street
- Market: Financial District
- Square Footage: 41,369
- Price per Square Foot: $456
- Broker Representatives: Maurice Suede, Eric Roth, Brett Siegel, & Tyler Signora - Newmark
This transaction was represented by brokers Maurice Suede, Eric Roth, Brett Siegel, and Tyler Signora of Newmark, highlighting their role in facilitating the deal. A notable aspect of this property is its potential for boutique office to residential conversion, as mentioned by the broker.
On the Map
$18,875,000
$456/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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93