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349 West 19th Street, Manha...

Urban Standard Capital Acquires SFR In Chelsea, Manhattan For $3.55M
SOLDSingle Family Residence

Urban Standard Capital Acquires SFR In Chelsea, Manhattan For $3.55M

349 West 19th Street, Manhattan, NY 10011

$3,550,000

$884/SF

Building Size

4,016 SF

Asset Type

Single Family Residence

Closing

Dec 14, 2021

AI

Located in Chelsea, Manhattan, the recently sold single-family residence at 349 W. 19th Street is a noteworthy property in the market. The sale, which took place on December 14, 2021, involved the asset being purchased by Urban Standard Capital for a price of $3,550,000. The property spans across 4,016 square feet, resulting in a price per square foot of $883.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,550,000
  • Address: 349 W. 19th Street, Chelsea, Manhattan
  • Market: Chelsea, Manhattan

In this transaction, Urban Standard Capital, represented by Seth Weissman, Jeremy Plofker, Robert Levine, and Bean, served as the buyer. Lloyd Nathan and Elana Nathan acted as the sellers. Matt Lesser, from Leslie J. Garfield & Co Inc., facilitated the deal as the broker representing the buyer. It is worth noting that Urban Standard Capital specializes in value-add and development opportunities, as indicated by their note on Instagram.

For any value-add and development opportunities or inquiries about the property, interested parties can reach out to Robert at [email protected] or Jeremy at [email protected].

Players

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker
Seth Weissman

Seth Weissman

Urban Standard Capital

Buyer

$590.5M

vol

56 deals

Buyer
Urban Standard Capital
Urban Standard CapitalBuyer

Lloyd Nathan

Seller

$7.1M

vol

2 deals

Seller

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93