Emerald Equity Group Acquires 4 Multi-family Building In Manhattan For $116M
230 W 107th St, New York, NY 10025, USA
Building Size
230,000 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
AI
A portfolio of four multi-family buildings located at 203, 210, 220, and 230 West 107th Street in New York City has been sold in a closed transaction. The properties, situated in the Manhattan market, consist of a total of 219 units spread across 230,000 square feet. The transaction was valued at $116,000,000, with a price per square foot of approximately $504.
Summary of transaction details
- Property Type: 4 Multi-family Building
- Transaction Amount: $116,000,000
- Address: 203, 210, 220, and 230 West 107th Street
- City: New York
- Market: Manhattan
- Total Square Footage: 230,000 sf
- Price per Square Foot: $504
- Number of Units: 219
The Orbach Group, led by Meyer Orbach, served as the seller in this transaction. On the buyer's side, Emerald Equity Group, represented by Isaac Kassirer, acquired the portfolio. Rosewood Realty Group, acting as the broker, facilitated the deal. Additional information about the transaction is not available at this time.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93