Updated Oct 29, 2024
Trishelle Dixon Acquires MultiFamily Property On Upper West Side, Manhattan For $18.3M
410 West End Ave, New York, NY 10024, USA & 410 West End Ave, New York, NY 10024, USA
Building Size
202,720 SF
Asset Type
MultiFamily
Closing
Apr 16, 2018
About this deal
AI
The multi-family property located at 410 West End Avenue in New York City's Upper West Side, Manhattan, has been sold in a closed transaction. The property, owned by Imperial Apartment Corp., was purchased by Trishelle Dixon for a purchase price of $18,300,000. The property offers 42 units with a total square footage of 20,272 sf, resulting in a price per square foot of $903. The capitalization rate for the transaction was 2.82%.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $18,300,000
- Address: 410 West End Avenue, New York City
- Market: Upper West Side, Manhattan
- Square Footage: 20,272 sf
- Price per Square Foot: $903
- Units: 42
- Seller: Imperial Apartment Corp.
- Buyer: Trishelle Dixon
- Brokers: Mitchell Levine, James Nelson, and Hall Oster
Mitchell Levine, James Nelson, and Hall Oster represented the parties involved in the transaction as brokers.
NOTE: Mitchell and James played significant roles in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93