Updated Oct 28, 2024
Prana Investments Acquires Nagle Avenue Multifamily In Manhattan For $13M
192-198 Nagle Avenue, Manhattan, New York, NY 10034, USA
$13,000,000
$149/SF
Building Size
87,070 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
The multifamily property located at 192-198 & 200-208 Nagle Avenue in Manhattan has been sold for a price of $13,000,000. The property consists of 98 units with an average price per unit of $132,653. The total square footage of the property is 87,070, with a price per square foot of $149.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Units: 98
- Price per Unit: $132,653
- Square Footage: 87,070
- Price per Square Foot: $149
- Market: Manhattan
- Buyer: Prana Investments
- Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs - Rosewood Realty Group
The deal was facilitated by Prana Investments, who acquired the property. Representing the buyer in the transaction were brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93