Shel Capital Acquires 9-Unit Multi Family Property In Manhattan For $6.6M
SOLD
New York
See Similar DealsMultiFamily14,715 SF
Sold 06/20/18
SOLD
Shel Capital Acquires 9-Unit Multi Family Property In Manhattan For $6.6M
267 W 139th St, New York, NY 10030, USA
See Similar DealsMultiFamily14,715 SF
Sold 06/20/18
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$448
Total Square Footage:14,715 SF
Transaction Type:Sale
Shel Capital, represented by Jon Bakhash, Rony Kravel, and Austen Rabbie, has acquired a multi-family property located at 267 West 139th Street in the Manhattan market of New York. The property, which was delivered vacant, consists of 6 residential units and 3 retail units. The transaction was closed for a price of $6,600,000.
Summary of transaction details
- Property Type: Multi Family (Delivered Vacant)
- Transaction Amount: $6,600,000
- Address: 267 West 139th Street
- Market: Manhattan
- City: New York
The buyer, Shel Capital, represented by its members Jon Bakhash, Rony Kravel, and Austen Rabbie, successfully purchased the property from Corigin Real Estate. This acquisition adds to Shel Capital's portfolio in the Manhattan market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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