Updated Oct 29, 2024
MV Investment Group Acquires Multifamily Property In Manhattan Valley For $22M
4-6 West 108th Street, Manhattan, New York, NY, USA
$22,000,000
$524/SF
Building Size
41,940 SF
Asset Type
MultiFamily
Closing
Dec 18, 2018
About this deal
AI
The multifamily property located at 4-6 & 8-10 West 108th Street in Manhattan Valley/Manhattan has been sold for a total price of $22,000,000. The property spans across 41,940 square feet, resulting in a price per square foot of $524.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Address: 4-6 & 8-10 West 108th Street
- Market: Manhattan Valley/Manhattan
The seller in this transaction was Meyer Orbach, while the buyer was MV Investment Group represented by Jacob Shneyer. The seller was represented by Hall Oster and Jon Hageman from Cushwake, and the buyer was represented by Ben Khakshoor from Rosewood Realty Group NY.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93