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Jack Bick, Ariel Bick & Howard Bick Acquire Inwood Multifamily For $3.25M

Property Image
SOLD
$3,250,000
Ariel Bick

New York

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MultiFamily498,480 SF
Sold 12/19/2019
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Property Image
SOLD

Jack Bick, Ariel Bick & Howard Bick Acquire Inwood Multifamily For $3.25M

207 Dyckman St, New York, NY 10040, USA

See Similar Deals
MultiFamily498,480 SF
Sold 12/19/2019
Ariel Bick
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$6
Total Square Footage:498,480 SF
Transaction Type:Sale

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

Jack Bick
9 deals$631.3M volume
BROKER

Ariel Bick
1 deal$3.3M volume
BROKER

Details

SOLD
IMAGE: Jack Bick, @ArielBick & @HowieBick DATE: 12/19/2019 ADDRESS: 207-209 Dyckman St MARKET: Inwood TYPE: Multifamily SALE PRICE: $3,250,000 SF: 49,848 / PPSF: $65 UNITS: 43 Resi / 3 Comm PPU: $70,652 ? SELLER: Howard Wong BUYER: Jack Bick, Ariel Bick & Howard Bick BROKERS: Jack Bick & @ArielBick @Charatan_Realty

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90