Updated Oct 29, 2024
178 Kai Management Inc Acquires Multi-family Property On St Nicholas Avenue, New York For $7.3M
1356 St Nicholas Ave, New York, NY 10033, USA
Building Size
493 SF
Asset Type
MultiFamily
Closing
Nov 19, 2017
About this deal
AI
The multi-family property located at 1356 St Nicholas Avenue in New York City's Manhattan market has been sold for a total price of $7,300,000, resulting in a price per square foot of $493.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $7,300,000
- Seller: Prana Investments – Neil McKinnon
- Buyer: 178 Kai Management Inc – Aron Kapelyus
- Broker: Ariel Property Advisors Matthew Gillis, Director – Investment Sales & Victor Sozio, Executive Vice President – Investment Sales
Prana Investments, represented by Neil McKinnon, sold the property to 178 Kai Management Inc, represented by Aron Kapelyus. The transaction was facilitated by Ariel Property Advisors' Matthew Gillis, Director of Investment Sales, and Victor Sozio, Executive Vice President of Investment Sales.
On the Map
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93