Hubb NYC Acquires Multifamily Property At 12 West 104th Street Manhattan For $6.85M
SOLD
$6,850,000
+ 1
New York
See Similar DealsMultiFamily11,265 SF
Sold 05/21/2026
SOLD
Hubb NYC Acquires Multifamily Property At 12 West 104th Street Manhattan For $6.85M
12 West 104th Street
See Similar DealsMultiFamily11,265 SF
Sold 05/21/2026
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:11,265 SF
Transaction Type:Sale
The property at 12 West 104th Street, located in the Manhattan market, is a multifamily asset consisting of 16 units. The sale took place for a total of $6,850,000, resulting in a price per unit of $428,125. The total square footage of the asset is 11,265, which gives a price per square foot of $608.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,850,000
- Units: 16
- Price Per Unit: $428,125
- Square Footage: 11,265
- Price Per Square Foot: $608
- Buyer: Hubb NYC
- Brokers: Robert (Rob) Shapiro, Ian Brooks, Nicholas Kontos & David Garcia - CBRE
- Transaction Date: 5/21/2026
The deal was facilitated by Robert (Rob) Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia representing the buyer, Hubb NYC. Their expertise within the CBRE brokerage contributed to the transaction, marking a successful acquisition in the multifamily sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$365,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94
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