Updated Oct 29, 2024
Sells 8 Multifamily Buildings In New York City For $17.65M
124 West 112th Street
$17,650,000
$190/SF
Building Size
92,627 SF
Asset Type
MultiFamily
Closing
Dec 27, 2022
About this deal
AI
, a multifamily investment firm, has recently sold a portfolio of eight properties in New York City. The properties are located at 124 West 112th Street, 126 West 112th Street, 138 West 112th Street, 140 West 112th Street, 113 West 113th Street, 141 West 113th Street, 141 116th Street, and 243 West 116th Street. This transaction marks a significant milestone for the firm in the New York City market.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $17,650,000
- Number of Units: 84
- Price per Unit: $210,119
- Total Square Footage: 92,627
- Price per Square Foot: $191
The sale was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group, who represented in the deal. Their expertise in the multifamily sector played a crucial role in achieving a successful transaction.
Players
New York City 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93