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
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