SOLD
Meadow Partners Acquires 146 Resi Condos In Manhattan For $61.3M
721 Amsterdam Ave, New York, NY 10025, USA
Building Size
48,000 SF
Asset Type
—
Closing
Aug 16, 2017
AI
The property involved in this closed transaction is located at 721 Amsterdam Avenue in New York City's Manhattan market. It consists of 146 residential condominiums.
Summary of transaction details
- Property Type: Residential Condos
- Transaction Amount: $61,274,000
- Address: 721 Amsterdam Avenue
- Market: Manhattan
The seller of the property was Starrett Corp, while the buyer was Meadow Partners. The transaction was facilitated by broker Mark Zborovsky.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93