Updated Dec 21, 2023
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
About this deal
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
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