60 Guilders & Stockbridge Acquires Multifamily Properties In New York For $143.35M
SOLD
$43,350,000
New York
See Similar DealsMultiFamily153,000 SF
Sold 12/22/2022
SOLD
60 Guilders & Stockbridge Acquires Multifamily Properties In New York For $143.35M
205 North 9th Street
See Similar DealsMultiFamily153,000 SF
Sold 12/22/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:153,000 SF
Transaction Type:Sale
A multifamily property located at 205 N 9th St., 225 N 9th St., and 220 N 10th St. in New York has been sold for a total price of $143,350,000. The property consists of 211 units, with an average price per unit of $679,384. The total square footage of the property is approximately 153,000, with a price per square foot of $937.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $143,350,000
- Units: 211
- Average Price per Unit: $679,384
- Square Footage: 153,000
- Price per Square Foot: $937
The buyer of the property is 60 Guilders & Stockbridge, while the seller is Rabsky Group. This transaction represents a significant investment in the New York real estate market by the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,311,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$154,013.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$205,501.12
Annual Debt Service$2,466,013.39
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