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230 W 107th St, New York, N...

Emerald Equity Group Acquires 4 Multi-family Building In Manhattan For $116M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

204 deals

Broker
Isaac Kassirer

Isaac Kassirer

Emerald Equity Group

Buyer

$47.2M

vol

4 deals

Buyer
Meyer Orbach

Meyer Orbach

Orbach Group

Seller

$3.3B

vol

31 deals

Seller

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