facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

107-111 West 82nd Street, N...

SOLDMultiFamily

Glacier Equities Acquires Upper West Side Multifamily Package Deal For $6M

107-111 West 82nd Street, New York, NY, USA

$6,000,000

$410/SF

Building Size

14,622 SF

Asset Type

MultiFamily

Closing

Sep 24, 2021

AI

The property involved in this transaction is a package deal consisting of 18 sponsor units, including 10 residential co-op units and 8 commercial condominiums. The total sale price was $6,000,000, representing approximately $410 per square foot. The asset, located at 107-111 West 82nd Street in the Upper West Side, has a total area of 14,622 square feet, and the price per unit comes to around $333,000.

Summary of transaction details:

The deal featured Glacier Equities as the buyer, represented by Myles Horn, while the seller, Marty Hollander, facilitated the transaction through the brokerage Cushman & Wakefield. The brokerage team included Brett Weisblum, Eric Roth, Tyler Signora, and Harry James, contributing along with their expertise to complete the sale of the multifamily asset.

Players

Brett Weisblum

Cushman & Wakefield

Broker

$142.5M

vol

16 deals

Broker
Myles Horn

Myles Horn

Glacier Equities

Buyer

$45.5M

vol

5 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93