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267 W 139th St, New York, N...

Shel Capital Acquires 9-Unit Multi Family Property In Manhattan For $6.6M
SOLDMultiFamily

Shel Capital Acquires 9-Unit Multi Family Property In Manhattan For $6.6M

267 W 139th St, New York, NY 10030, USA

$6,600,000

$448/SF

Building Size

14,715 SF

Asset Type

MultiFamily

Closing

Jun 20, 1918

AI

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.

Players

Jon Bakhash

Shel Capital

Buyer

$9.3M

vol

3 deals

Buyer

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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93