Updated Mar 4, 2026
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
About this deal
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.
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MultiFamily
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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