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410 West End Ave, New York,...

Updated Oct 29, 2024

Trishelle Dixon Acquires MultiFamily Property On Upper West Side, Manhattan For $18.3M
SOLDMultiFamily

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

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

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

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