BSD 221 Wadsworth Acquires 65-Unit Multi-Family Property In Inwood, New York For $13.25M
221 Wadsworth Ave, New York, NY 10033, USA
Building Size
41,736 SF
Asset Type
MultiFamily
Closing
Nov 24, 2017
AI
The multi-family property located at 221 Wadsworth Avenue in New York's Inwood market was recently sold for a price of $13,250,000. The property consists of 65 units, offering ample space for residents.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $13,250,000
- Address: 221 Wadsworth Avenue, New York
- Market: Inwood
The seller of the property was TriArch Real Estate Group, represented by Chris DeAngelis of @cdeangelisnyc and @triarchgroup. On the other hand, the buyer of the property was BSD 221 Wadsworth.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93