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164 W 74th St, New York, NY...

Greystone Development Acquires Property From Phoenix House For $26.8 Million In New York
SOLD

Greystone Development Acquires Property From Phoenix House For $26.8 Million In New York

164 W 74th St, New York, NY, 10023

$26,800,000

$812/SF

Building Size

33,000 SF

Asset Type

Closing

Jul 7, 2015

AI

The property involved in this transaction is located at 164 W 74th St, New York, NY, 10023. It was sold for a price of $26,800,000.00 and spans a total square footage of 33,000. The transaction took place in the New York market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $26,800,000.00
  • Address: 164 W 74th St, New York, NY, 10023
  • Market: New York
  • Buyer: Greystone Development
  • Seller: Phoenix House
  • Buyer's Representative: Daniel Rahmani-Capital Property Partners

This transaction involved key players such as the buyer Greystone Development, which facilitated the acquisition, and the seller Phoenix House, who executed the sale. The buyer was represented by Daniel Rahmani from Capital Property Partners, ensuring a successful transaction for both parties.

Players

Daniel Rahmani

Capital Property Partners

Broker

$184.9M

vol

12 deals

Broker
GD
Greystone DevelopmentBuyer

New York 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93