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124 West 112th Street

Updated Oct 29, 2024

 Sells 8 Multifamily Buildings In New York City For $17.65M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

214 deals

Broker

New York City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $190 per square foot on a published $17.7M for 92,627 square feet (2022).

Visit Alex Fuchs to view all their deals.

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

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