Updated Oct 29, 2024
60 Guilders & Stockbridge Acquires Multifamily Properties In New York For $143.35M
205 North 9th Street
$43,350,000
$283/SF
Building Size
153,000 SF
Asset Type
MultiFamily
Closing
Dec 22, 2022
About this deal
AI
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.
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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93