Taichi Realty Acquires Multifamily Property At 11-15 West 123rd Street For $3.25M
11 West 123rd Street & 15 West 123rd Street
$3,250,000
$67/SF
Building Size
47,892 SF
Asset Type
MultiFamily
Closing
May 13, 2026
AI
Taichi Realty has purchased a multifamily property located at 11-15 West 123rd Street in Manhattan for a total sale price of $3,250,000. The property spans a total square footage of 23,946, resulting in a per square foot price of approximately $136.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,250,000
- Buyer: Taichi Realty
- Seller: Matthew Lembo & Ryan Jackson - Stellar Management
- Address: 11-15 West 123rd Street
- Market: Manhattan
- Square Footage: 23,946
- Price Per Square Foot: $136
Matthew Lembo and Ryan Jackson, representing Stellar Management, facilitated the sale of the property to Taichi Realty in this transaction.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93