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210 West 17th Street, Manha...

Corporate Habitat Acquires Multifamily Property In Chelsea For $7.2M
SOLDMultiFamily

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

Yaacov Amar

Buyer

$89.5M

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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93