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Muschel Family Sells Multifamily Property In Hudson Heights For $14.6M

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SOLD
$14,625,000

New York

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MultiFamily59,953 SF
Sold 12/15/2021
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SOLD

Muschel Family Sells Multifamily Property In Hudson Heights For $14.6M

165 Bennett Avenue, New York City, New York 10040, United States

See Similar Deals
MultiFamily59,953 SF
Sold 12/15/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:59,953 SF
Transaction Type:Sale

The multifamily property located at 165 Bennett Avenue in Hudson Heights has been sold for a total price of $14,625,000. The transaction took place on December 15, 2021. The property spans a total area of 59,953 square feet, resulting in a price per square foot of $243. It consists of 79 units, and the price per unit is calculated to be $185,126.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,625,000
  • Address: 165 Bennett Avenue
  • Market: Hudson Heights
  • Asset Type: Multifamily
  • Zoning: R7-2

The sellers of the property are The Muschel Family. The deal was facilitated by Ryan Perkoski and Henry Grass of RPR Ventures, who represented the seller as brokers. They played an integral role in ensuring the successful completion of the transaction.

Players

21 deals$156.7M volume(718) 906-7137
BROKER

Henry Grass
7 deals$28.1M volume
BROKER

Details

SOLD
IMAGE: Ryan Perkoski & Henry Grass DATE: 12/15/2021 ADDRESS: 165 Bennett Avenue MARKET: Hudson Heights ASSET TYPE: Multifamily ~ ZONING: R7-2 SELLER: The Muschel Family BROKERS: Ryan Perkoski (@RPRNYC) & Henry Grass (@HBGrass) - RPR Ventures SALE PRICE: $14,625,000 SF: 59,953 ~ PPSF: $243 UNITS: 79 ~ PPU: $185,126

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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