Jeffrey Goldberg's Fairstead Acquires Multifamily Asset In Morrisania, Longwood, Crotona Park & Tremont For $350M
$350,000,000
Units
350,000,000
Asset Type
—
Closing
Dec 10, 2021
About this deal
AI
A multifamily property located in Morrisania, Longwood, Crotona Park, and Tremont has recently been sold.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $350,000,000
- Units: 1,904
- Price Per Unit: $183,823
- Square Footage: 2,300,000
- Price Per Square Foot: $152
The buyer of the property is Jeffrey Goldberg from Fairstead, while the seller is Frank Linde representing Property Resources Corp. The transaction was facilitated by brokers Victor Sozio, Shimon Shkury, and Jason Gold from Ariel Property Advisors.
Jeffrey Goldberg's Fairstead Acquires Multifamily Asset In Morrisania, Longwood, Crotona Park & Tremont For $350M is logged as a commercial sale on Traded (2021). Jason Goldman, Victor Sozio, Shimon Shkury, Jeffrey Goldberg appear on the sale alongside KBC Advisors, Ariel Property Advisors. This page is the market file for the Jeffrey Goldberg's Fairstead Acquires Multifamily Asset In Morrisania, Longwood, Crotona Park & Tremont For $350M commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Cite this Jeffrey Goldberg's Fairstead Acquires Multifamily Asset In Morrisania, Longwood, Crotona Park & Tremont For $350M sale when underwriting similar commercial product.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93