Niederman Family Sells 10-Unit Multifamily In New York City For $7.5M - The Collaborative Group, Rosewood Realty Group Brokers Represented
SOLD
$7,500,000
+ 1
New York
See Similar DealsMultiFamily11,580 SF
Sold 04/18/2023
SOLD
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
See Similar DealsMultiFamily11,580 SF
Sold 04/18/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$647
Total Square Footage:11,580 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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