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

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

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

$4.3B

vol

205 deals

Broker

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