SOLD
Jeffrey Goldberg's Fairstead Acquires Multifamily Asset In Morrisania, Longwood, Crotona Park & Tremont For $350M
$350,000,000
Building Size
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Asset Type
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Closing
Dec 10, 2021
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.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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