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207 Dyckman St, New York, N...

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

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

Jack Bick

S Charatan Realty

Broker

$631.3M

vol

9 deals

Broker

Jack Bick

Sapphire Holdings Group

Buyer

$15.7M

vol

3 deals

Buyer

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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93