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Corporate Habitat Acquires Multifamily Property In Chelsea For $7.2M

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SOLD
$7,200,000

New York

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MultiFamily10,872 SF
Sold 09/22/2021
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SOLD

Corporate Habitat Acquires Multifamily Property In Chelsea For $7.2M

210 West 17th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily10,872 SF
Sold 09/22/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$662
Total Square Footage:10,872 SF
Transaction Type:Sale

The multifamily property located at 210 West 17th Street in Chelsea has been sold for a total of $7,200,000. The property, which sits on a lot measuring 38 ft x 119 ft, is zoned as R8B, C6-2A. It features a total of 22 units with a square footage of 10,872 and a price per square foot of $662. The buyer in this transaction is Corporate Habitat, represented by Yaacov Amar.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,200,000
  • Address: 210 West 17th Street
  • Market: Chelsea
  • Zoning: R8B, C6-2A
  • Square Footage: 10,872
  • Price per Square Foot: $662
  • Units: 22
  • Buyer: Corporate Habitat - Yaacov Amar
  • Lot Size: 38 ft x 119 ft

This transaction highlights the involvement of Corporate Habitat, with Yaacov Amar representing the buyer in the deal. The property's zoning as R8B, C6-2A makes it a suitable investment opportunity in the Chelsea market. The price per square foot, at $662, indicates the value of the property, which features 22 units and a total square footage of 10,872.

Players

3 deals$89.5M volume
BUYER

Details

SOLD
IMAGE: 210 West 17th Street MARKET: Chelsea ASSET TYPE: Multifamily ~ ZONING: R8B, C6-2A BUYER: Corporate Habitat - Yaacov Amar SALE PRICE: $7,200,000 BSF: 27,271 ~ PPBSF: $264 SF: 10,872 ~ PPSF: $662 UNITS: 22 ~ PPU: $327,272 LOT SIZE: 38 ft x 119 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
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