Jeffrey Farkas Acquires Multifamily Property On Upper West Side For $10M

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.