Carlyle Sells Residential Property In Upper West Side, Manhattan For $650M
21 N 2nd St, Fort Smith, AR 72901, USA
Building Size
4,774,020 SF
Asset Type
Other
Closing
Feb 22, 2018
About this deal
AI
The residential property located at 21 West End in New York City's Upper West Side, Manhattan has been sold for a price of $650,000,000. The property consists of 616 units, with an average price per unit of $1.1 million. The total square footage of the property is 477,402 square feet, resulting in an average price per square foot of $1,362.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $650,000,000
- Units: 616
- Price per Unit: $1.1 million
- Square Footage: 477,402 sf
- Price per Square Foot: $1,362
- Address: 21 West End, New York
- Market: Upper West Side, Manhattan
The sale of this property was facilitated by Carlyle. The deal involved several key individuals, including William E. Conway Jr, Roland Merchant, Rob Hinckley, Andrew Scandalios, Jeff Julien, Edwin Velzel, and William Dickey.
Players
Fort Smith Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93