Updated Sep 9, 2024
Marcus & Millichap Sells Multifamily Property In New York City For $2.7M
160 West 231st Street
$2,700,000
$144/SF
Building Size
18,750 SF
Asset Type
MultiFamily
Closing
Dec 14, 2022
About this deal
AI
The multifamily property located at 160 West 231st Street in New York City has been sold for a price of $2,700,000. This property consists of 21 units, with a price per unit of $128,571. The total square footage of the property is 18,750, resulting in a price per square foot of $144.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 21
- Price Per Unit: $128,571
- Total Square Footage: 18,750
- Price Per Square Foot: $144
The sale of this multifamily property was facilitated by brokers Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap. They represented the parties involved in the transaction and played a crucial role in ensuring a successful deal.
Players
New York City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benny Katz to view all their deals.
Browse New York City multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93