Updated Oct 29, 2024
Jeffrey Farkas Acquires Multifamily Property On Upper West Side For $10M
227 W 105th St, New York, NY 10025, USA
$10,000,000
$236/SF
Building Size
42,285 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
The multifamily property located at 227 West 105th Street in the Upper West Side was recently sold in a closed transaction on July 28, 2020. The property spans across 42,285 square feet, with an average price per square foot of $236. It comprises a total of 40 units, resulting in an average price per unit of $250,000. The transaction was completed for a total price of $10,000,000.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 227 West 105th Street
- Market: Upper West Side
Jeffrey Farkas served as the buyer in this transaction, while the seller was Delf Estates Inc., represented by Adam Kaufman. Notably, Farkas obtained a mortgage from Santander Bank amounting to $6,740,000 to finance the deal.
On the Map
$10,000,000
$236/SF
MultiFamily
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93