Updated Sep 9, 2024
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
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 230 West 72nd Street, New York City
- Market: New York City
- Seller: Niederman Family
- BROKERS: Andrew Natter - The Collaborative Group, Harold Fuchs; & Ben Khakshoor & Aaron Jungreis - Rosewood Realty Group
- Units: 10
- Price per Unit: $750,000
- Square Footage: 11,580
- Price per Square Foot: $648
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.
On the Map
$7,500,000
$647/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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93