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390 Wadsworth Avenue

Lewis Barbanel Of Barberry Rose Management Purchases Multifamily Property From Larry Hirschfield For $12.5M
SOLDMultiFamily

Lewis Barbanel Of Barberry Rose Management Purchases Multifamily Property From Larry Hirschfield For $12.5M

390 Wadsworth Avenue

$12,500,000

$250/SF

Building Size

50,000 SF

Asset Type

MultiFamily

Closing

Sep 14, 2017

AI

The property asset involved in this transaction is a MultiFamily building located at 390 Wadsworth Avenue in the New York market. The sale was executed at a price of $12,500,000.00 and encompasses a total square footage of 50,000.0.

Summary of transation details:

This transaction features key participants including Lewis Barbanel representing Barberry Rose Management as the buyer, and Larry Hirschfield as the seller. Shlomo Antebi from Atlas Realty Group and Sasha Berg from GFI Realty Services acted as the brokers, facilitating the deal.

Players

Sasha Berg

GFI Realty Services

Broker

$69.3M

vol

11 deals

Broker
Lewis Barbanel

Lewis Barbanel

Barberry Rose Management

Buyer

$181.6M

vol

16 deals

Buyer

Larry Hirschfield

Seller

$29.4M

vol

3 deals

Seller

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93