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
About this deal
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
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