Updated Dec 21, 2023
Francisco Augspach Sells Multifamily Property In Chelsea For $6.45M With Buyer's Rep Josh Lipton & Andrew Levine And Seller's Rep Havard Iversen
315 West 29th Street, Manhattan, New York, NY, USA
$6,450,000
$1,111/SF
Building Size
5,802 SF
Asset Type
MultiFamily
Closing
Aug 26, 2021
About this deal
AI
A multifamily property located at 315 West 29th Street in Chelsea was recently sold in a closed transaction. The property spans 5,802 square feet and falls under tax class 2B. The sale price for this transaction was $6,450,000, resulting in a price per square foot of $1,111.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,450,000
- Address: 315 West 29th Street
- Market: Chelsea
- Tax Class: 2B
Francisco Augspach acted as the seller for this transaction. The buyer's representatives were Josh Lipton and Andrew Levine from Invictus Property Advisors. Havard Iversen from New York Residence represented the seller. The asking price for this property was $6,800,000.
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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93