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
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