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230 W 72nd St New York, NY ...

Updated Sep 9, 2024

Bilt advertisement
Niederman Family Sells 10-Unit Multifamily In New York City For $7.5M - The Collaborative Group, Rosewood Realty Group Brokers Represented
SOLDMultiFamily

Niederman Family Sells 10-Unit Multifamily In New York City For $7.5M - The Collaborative Group, Rosewood Realty Group Brokers Represented

230 W 72nd St New York, NY 10023, USA

$7,500,000

$647/SF

Building Size

11,580 SF

Asset Type

MultiFamily

Closing

Apr 18, 2023

About this deal

AI

The multifamily property located at 230 West 72nd Street in New York City has been sold for a price of $7,500,000. The property consists of 10 units with a price per unit of $750,000. The total square footage of the property is 11,580, with a price per square foot of $648.

Summary of transaction details

The transaction involved notable individuals and companies. Andrew Natter from The Collaborative Group, Harold Fuchs, and Ben Khakshoor & Aaron Jungreis from Rosewood Realty Group were the brokers representing the seller in this deal.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.5B

vol

215 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $647 per square foot on a published $7.5M for 11,580 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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