Aurec Capital Acquires Multifamily Property On West 105th Street In New York For $7.5M
103 West 105th Street
$7,500,000
$469/SF
Building Size
15,976 SF
Asset Type
MultiFamily
Closing
Jan 26, 2023
AI
An multifamily property at 103-105 West 105th Street in New York has been sold for $7,500,000. The property consists of 20 units with a price per unit of $375,000. It spans across a total square footage of 15,976 and has a price per square foot of $469.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Units: 20
- Price per Unit: $375,000
- Square Footage: 15,976
- Price per Square Foot: $469
The buyer of the property is Aurec Capital. The sale was brokered by Hall Oster, Teddy Galligan, Paul Smadbeck, Conrad Martin, and Braedon Gait from JLL.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93