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103 West 105th Street

Aurec Capital Acquires Multifamily Property On West 105th Street In New York For $7.5M
SOLDMultiFamily

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

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker
AC
Aurec CapitalBuyer

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