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
- 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.
Players
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