Lewis Barbanel Of Barberry Rose Management Purchases Multifamily Property From Larry Hirschfield For $12.5M
SOLD
$12,500,000
+ 1
New York
See Similar DealsMultiFamily50,000 SF
Sold 09/14/2017
SOLD
Lewis Barbanel Of Barberry Rose Management Purchases Multifamily Property From Larry Hirschfield For $12.5M
390 Wadsworth Avenue
See Similar DealsMultiFamily50,000 SF
Sold 09/14/2017
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:50,000 SF
Transaction Type:Sale
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:
- Property Type: MultiFamily
- Transaction Amount: $12,500,000.00
- Address: 390 Wadsworth Avenue
- Market: New York
- Square Footage: 50,000.0
- Buyer: Lewis Barbanel (Barberry Rose Management)
- Seller: Larry Hirschfield
- Brokers: Shlomo Antebi (Atlas Realty Group), Sasha Berg (GFI Realty Services)
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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