Aview Equities Acquires Multifamily Property On 19 West 55th Street In Midtown For $36.7M
19 W 55th St, New York, NY 10019, USA
$36,760,000
$91/SF
Building Size
400,000 SF
Asset Type
MultiFamily
Closing
Dec 29, 2019
AI
A multifamily property located at 19 West 55th Street in Midtown has been involved in a closed transaction. The property spans a total of 40,000 square feet and was part of the deal facilitated by Aview Equities, represented by Abraham Leifer. The lenders involved in the transaction were Merchants Bank of Indiana. The transaction amount for the loan was $36,760,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,760,000
- Square Footage: 40,000
- Address: 19 West 55th Street
- Market: Midtown
Emanuel Westfried from the agency and Jonathan Bodner were the brokers who represented the parties in this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93