Updated Dec 21, 2023
Akelius Real Estate Management Acquires Multifamily Property In Manhattan For $30M
336 W 95th St, New York, NY 10025, USA
Building Size
410,000 SF
Asset Type
MultiFamily
Closing
Jun 3, 2018
About this deal
AI
The multifamily property at 336 West 95th Street in New York City's Manhattan market has been sold for $30,000,000. Spanning approximately 41,000 square feet, the property encompasses a total of 44 units. This transaction was completed at a price per square foot of $731.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 336 West 95th Street, New York
- Market: Manhattan
- Square Footage: 41,000 sf
- Price per Square Foot: $731
- Number of Units: 44
Akelius Real Estate Management, represented by Kunal Chothani, acquired the property from the Greenspan family. The purchase was made through the buyer's representative, Kunal Chothani of Akelius Real Estate Management.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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