Updated Oct 29, 2024
Asaf Dror Acquires Multifamily Property On West End Avenue For $2.3M
232 West End Ave New York, NY 10023, USA
$2,300,000
$360/SF
Building Size
6,380 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
About this deal
AI
A multifamily property located at 232 West End Avenue in the Lincoln Square neighborhood of Manhattan has been sold for $2,300,000. The property spans 6,380 square feet, which translates to a price per square foot of $361. This transaction involved the buyer, Asaf Dror, and the seller, Hineni Heritage Organization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 232 West End Avenue, Lincoln Square, Manhattan
- Square Footage: 6,380
- Market: Lincoln Square, Manhattan
The deal was facilitated by brokers Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group, who represented both the buyer and the seller in this transaction.
On the Map
$2,300,000
$360/SF
MultiFamily
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Market 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93