Hildreth Real Estate Advisors Acquires Mixed-Use Building On Upper West Side For $5.1M
226 W 79th St, Manhattan, New York, NY, USA
$5,100,000
$864/SF
Building Size
5,900 SF
Asset Type
Mixed-use
Closing
Nov 16, 2021
AI
Hildreth Real Estate Advisors (HREA) has acquired a mixed-use property located at 226 W. 79th St. in the Upper West Side of Manhattan. The fully free market building was sold by John LaGreco for a total sale price of $5,100,000. The property spans 5,900 square feet and was sold at a price per square foot of $864.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Address: 226 W. 79th St.
- Market: Upper West Side
HREA, represented by David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank, completed the acquisition of this prime Upper West Side property. HREA is actively seeking new investment opportunities and has the capability to close deals with all-cash by the end of the year.
From @Hildreth.Advisors: HREA purchased the building for $864 per square foot, showcasing their confidence in the potential of this sought-after location in the Upper West Side.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93