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247 Audubon Ave, New York, ...

Barberry Rose Management Acquires Multifamily Property In Washington Heights For $13.65M
SOLDMultiFamily

Barberry Rose Management Acquires Multifamily Property In Washington Heights For $13.65M

247 Audubon Ave, New York, NY 10033, USA

Building Size

500,000 SF

Asset Type

MultiFamily

Closing

Jun 24, 2018

AI

The property involved in this transaction is a multi-family residential building located at 247 Audubon Ave X in Washington Heights, New York. The property spans 50,000 square feet and consists of 45 units. The transaction, which took place on June 25, 2018, was a sale with a total price of $13,650,000. The price per square foot for this property was $273.

Summary of transaction details:

  • Property Type: MultiFamily Resi
  • Transaction Amount: $13,650,000
  • Address: 247 Audubon Ave X
  • Market: Washington Heights
  • City: New York
  • Closing Date: 06/25/2018
  • Units: 45
  • Price per Square Foot: $273

The seller of the property was David Green, while the buyer was Barberry Rose Management - Lewis Barbanel. The broker involved in the transaction was Steven Vegh.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
Lewis Barbanel

Lewis Barbanel

Barberry Rose Management

Buyer

$181.6M

vol

16 deals

Buyer
Barberry Rose Management
Barberry Rose ManagementSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93