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
About this deal
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.
Traded’s record for 721 Amsterdam Ave, New York, NY 10025, USA in New York, New York covers a commercial sale from 2017. The building is 48,000 square feet, implying about 0 per square foot on the published price. Named participants on the 721 Amsterdam Ave, New York, NY 10025, USA sale are Mark Zborovsky. This page is the New York, New York file for the 721 Amsterdam Ave, New York, NY 10025, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 721 Amsterdam Ave, New York, NY 10025, USA around 2017. Cite this Meadow Partners Acquires 146 Resi Condos In Manhattan For $61.3M sale when underwriting similar commercial product around New York, New York.
Players
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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