Jeremey Tahari & Jake Croman Acquire East Village Multifamily For $7.8M With Broker Kevin Esh
6 Avenue B
$7,800,000
$5,200/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 29, 2023
AI
The multifamily property located at 6 Avenue B in the East Village of Manhattan has been sold. The transaction took place between the buyer, Jeremey Tahari and Jake Croman of Tahari Capital, and the seller, Parag Sawhney of Penn South Capital, with brokerage services provided by Kevin Esh of Esh Property Group. The sale price for the property was $7,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Address: 6 Avenue B, East Village, Manhattan
- Market: East Village, Manhattan
- Buyer: Jeremey Tahari and Jake Croman - Tahari Capital
- Seller: Parag Sawhney - Penn South Capital
- Broker: Kevin Esh - Esh Property Group
- Units: 10
- Price per Unit (PPU): $780,000
- Square Footage (SF): 7,995
- Price per Square Foot (PPSF): $976
This transaction marks the successful collaboration between Jeremey Tahari, Jake Croman, Parag Sawhney, and Kevin Esh in the sale of the multifamily property. The deal involved 10 units, with each unit having a price of approximately $780,000. The total square footage of the property is 7,995, resulting in a price per square foot of $976.
Players
New York City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93