Ian Axelrod Acquires SFR In Gramercy From Stephanie Andrews For $3.18M
SOLD
$3,180,000
New York
See Similar DealsSingle Family Residence3,645 SF
Sold 11/16/2020
SOLD
Ian Axelrod Acquires SFR In Gramercy From Stephanie Andrews For $3.18M
325 East 18th Street, Manhattan, New York, NY, USA
See Similar DealsSingle Family Residence3,645 SF
Sold 11/16/2020
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$872
Total Square Footage:3,645 SF
Transaction Type:Sale
Located in the Gramercy market, the property at 325 East 18th Street was recently sold in a single-family home (SFR) transaction. The zoning for this property is R7B, adding to its appeal for potential buyers. The sale took place on November 16, 2020.
Summary of transaction details
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $3,180,000
- Address: 325 East 18th Street
- Market: Gramercy
- Zoning: R7B
Ian Axelrod acted as the buyer in this transaction, while Stephanie Andrews served as the seller. The property spans 3,645 square feet, with a price per square foot (PPSF) of $872.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,297.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,074.82
Annual Debt Service$180,897.87
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