10 West 65th Street LLC Acquires Multifamily Property In Lincoln Square For $45.5M
10 West 65th Street
$45,500,000
$45,500,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
May 29, 2025
AI
The property asset involved in this transaction is a multifamily building located at 10 West 65th Street in Lincoln Square. The transaction was completed for a sale price of $45,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $45,500,000
- Buyer: 10 West 65th Street LLC
- Seller: Clipper Equity
- Brokers: Lipa Lieberman, Abie Kassin & David Schechtman - Meridian Capital Group
This transaction was facilitated by Lipa Lieberman, Abie Kassin, and David Schechtman, representing Meridian Capital Group. They played a key role in the negotiation and completion of the deal between the buyer and the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93