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350 West 110th Street

Ariel Property Advisors Facilitates $8.5M Sale Of Multifamily Asset In Manhattan Valley
SOLDMultiFamily

Ariel Property Advisors Facilitates $8.5M Sale Of Multifamily Asset In Manhattan Valley

350 West 110th Street

$8,500,000

$269/SF

Building Size

31,596 SF

Asset Type

MultiFamily

Closing

Apr 27, 2022

AI

The multifamily property located at 350 West 110th Street in Manhattan Valley, Manhattan has been sold for $8,500,000. It consists of 36 units with an average price per unit of $236,111. The total square footage of the property is 31,596, resulting in a price per square foot of $269.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,500,000
  • Units: 36
  • Average Price per Unit: $236,111
  • Square Footage: 31,596
  • Price per Square Foot: $269
  • Address: 350 West 110th Street
  • Market: Manhattan Valley, Manhattan

The sale of this property was facilitated by Victor Sozio, Shimon Shkury, Matthew Gillis, and Evan Hirsch from Ariel Property Advisors. Their expertise and representation played a crucial role in the successful completion of the transaction.

Players

Matthew Gillis

Ariel Property Advisors

Broker

$295M

vol

25 deals

Broker

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93