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
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