Updated Dec 19, 2023
Ron Shoshany Sells Multifamily Portfolio In Washington Heights, Upper East Side, And Upper West Side For $53.5M
318 West 75th Street, New York City, New York 10023, United States
$53,500,000
$611/SF
Building Size
87,518 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
The multifamily properties located at 4001 Broadway, 1121 First Avenue, and 318 West 75th Street have been sold in a transaction in Washington Heights, Upper East Side, and Upper West Side respectively. The properties were sold for a total of $53,500,000. The total square footage of the properties is 87,518, resulting in a price per square foot of $611.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,500,000
- Address: 4001 Broadway, 1121 First Avenue & 318 West 75th Street
- Market: Washington Heights, Upper East Side, & Upper West Side
Ron Shoshany was the seller in the transaction, while the brokers involved were Lazer Sternhell and Peter Vanderpool.
On the Map
$53,500,000
$611/SF
MultiFamily
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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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93