Updated Oct 28, 2024
Nelson Management Group Acquires Multifamily Property On Upper West Side For $31.98M
410 Cathedral Parkway, New York City, New York 10025, United States
$31,980,000
Units
140
Asset Type
MultiFamily
Closing
Jul 18, 2022
About this deal
AI
The multifamily property located at 410 Cathedral Parkway in the Upper West Side has been sold for a total of $31,980,000. The transaction was completed on July 19, 2022. The property consists of 140 units, with a per unit price of $228,428. Robert S. Nelson captured an image of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,980,000
- Units: 140
- Price Per Unit: $228,428
- Address: 410 Cathedral Parkway
- Market: Upper West Side
Nelson Management Group acted as the buyer in this transaction. The deal was facilitated by their representative, Robert S. Nelson.
On the Map
$31,980,000
MultiFamily
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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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93