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Renaissance Realty Group, LLC Acquires Multifamily Building In Manhattan For $18.75M

Property Image
SOLD
$18,750,000

New York

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MultiFamily51,560 SF
Sold 11/08/2017
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Property Image
SOLD

Renaissance Realty Group, LLC Acquires Multifamily Building In Manhattan For $18.75M

104 W 144th St, New York, NY 10030, USA

See Similar Deals
MultiFamily51,560 SF
Sold 11/08/2017
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$363
Total Square Footage:51,560 SF
Transaction Type:Sale

The multifamily building located at 104-110 West 144th Street in Manhattan has been sold for a price of $18,750,000. The building has a total square footage of 51,560, resulting in a price per square foot of $364.

Summary of transaction details

  • Property Type: Multifamily Building
  • Transaction Amount: $18,750,000
  • Square Footage: 51,560

The seller of the property is Treetop Development, while the buyer is Renaissance Realty Group, LLC represented by Mr. Cohen (@mr_cohen88). The deal was facilitated with the assistance of Victor Sozio, Executive Vice President at Ariel Property Advisors.

Players

Victor Sozio
Ariel Property Advisors
Victor Sozio
111 deals$2.3B volume
BROKER
Renaissance Realty Group
Renaissance Realty Group
BUYER

Details

SOLD
IMAGE: 8th November, 2017 ADDRESS: 104-110 West 144th Street CITY: New York MARKET: Manhattan ASSET TYPE: Multifamily Building PRICE: $18,750,000 SF: 51,560 PSF: $364 SELLER: @TreetopDevelopment BUYER: Renaissance Realty Group, LLC @mr_cohen88 BROKER: Victor Sozio, Executive Vice President at Ariel Property Advisors

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$66,614.78
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