Updated Oct 29, 2024
Pacific Urban Investors Acquires Multifamily Property In Chelsea, Manhattan For $185M
130 W 15th St New York, NY 10011, USA
$185,000,000
$1,258/SF
Building Size
147,000 SF
Asset Type
MultiFamily
Closing
Aug 7, 2023
About this deal
AI
A multifamily property located at 130 West 15th Street in Chelsea, Manhattan has been sold for a total price of $185,000,000. The property spans over 147,000 square feet, resulting in a price per square foot of $1,259. This transaction took place on 08/07/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $185,000,000
- Address: 130 West 15th Street
- Market: Chelsea, Manhattan
- Buyer: Pacific Urban Investors
- Seller: Related Companies
- Brokers: Adam Doneger, Adam Spies, Avery Silverstein, Marcella Fasulo, Douglas Harmon, and Joshua King - Newmark
The buyer of the property is Pacific Urban Investors, while the seller is Related Companies. The deal was facilitated by brokers Adam Doneger, Adam Spies, Avery Silverstein, Marcella Fasulo, Douglas Harmon, and Joshua King from Newmark. These individuals played a key role in the successful completion of the 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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93