Corporate Habitat Acquires Multifamily Property In Chelsea For $7.2M
210 West 17th Street, Manhattan, New York, NY, USA
$7,200,000
$662/SF
Building Size
10,872 SF
Asset Type
MultiFamily
Closing
Sep 22, 2021
AI
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
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93