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204 W 108th St, New York, N...

Updated Oct 29, 2024

Gili Haberberg Acquires The Canterbury, UWS Multi Family For $32.5M
SOLDMultiFamily

Gili Haberberg Acquires The Canterbury, UWS Multi Family For $32.5M

204 W 108th St, New York, NY 10025, USA

Building Size

42,186 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

About this deal

AI

The Canterbury, located at 204 W 108th Street in New York's UWS neighborhood, has been sold in a closed transaction for a price of $32,500,000. Spanning across 42,186 square feet, the property has a price per square foot of $770 and a capitalization rate of approximately 4.9%. The purchase price per unit stands at $677,083.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $32,500,000
  • Address: 204 W 108th Street, New York
  • Market: UWS
  • Square Footage: 42,186 sf
  • Price per Square Foot: $770
  • Capitalization Rate: Approx 4.9%
  • Purchase Price per Unit: $677,083

The transaction involved the Orbach Group, represented by Meyer Orbach, as the seller. The buyer, Gili Haberberg, is associated with Arkar Inc and can be contacted at (646) 330-4887 or [email protected]. The deal was facilitated by Avison Young, acting as the broker in this transaction.

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Players

Sam Schertz

Ariel Property Advisors

Broker

$107.3M

vol

14 deals

Broker

Gili Haberberg

Buyer

2 deals

Buyer
Meyer Orbach

Meyer Orbach

Orbach Group

Seller

$3.4B

vol

32 deals

Seller
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New York MultiFamily Market Snapshot

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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

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