Jack Bick, Ariel Bick & Howard Bick Acquire Inwood Multifamily For $3.25M
207 Dyckman St, New York, NY 10040, USA
$3,250,000
$6/SF
Building Size
498,480 SF
Asset Type
MultiFamily
Closing
Dec 18, 2019
AI
Located at 207-209 Dyckman St in Inwood, this multifamily property was recently sold in a closed transaction. The property spans a total of 49,848 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $65. The property consists of 43 residential units and 3 commercial units, offering a diverse range of spaces for both residential and commercial purposes. This transaction was facilitated by @Charatan_Realty, with Jack Bick and @ArielBick serving as the representatives for the buyers Jack Bick, Ariel Bick, and Howard Bick. The sellers were represented by Howard Wong.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Square Footage: 49,848
- Price per Square Foot: $65
- Units: 43 Residential / 3 Commercial
This transaction involved the buyers Jack Bick, Ariel Bick, and Howard Bick, who were represented by Jack Bick and @ArielBick from @Charatan_Realty. The seller, Howard Wong, also had representation in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93