Hubb NYC Acquires Multifamily Property At 12 West 104th Street Manhattan For $6.85M
12 West 104th Street
$6,850,000
$608/SF
Building Size
11,265 SF
Asset Type
MultiFamily
Closing
May 20, 2026
AI
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.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93