Updated Sep 5, 2024
Cushman & Wakefield Facilitates $83.75M Multifamily Sale In Morningside Heights
415 West 120th Street, Manhattan, New York, NY, USA
$83,750,000
$1,428/SF
Building Size
58,647 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
A multifamily property located at 415 West 120th Street in Morningside Heights has been sold for a total price of $83,750,000. The property consists of 80 units and spans across 58,647 square feet, resulting in a price per square foot of $1,428. The transaction was facilitated by Robert Shapiro, Adam Spies, Eric Roth, Avery Silverstein, Marcella Fasulo, Travis Prince, and Tyler Signora from Cushman & Wakefield on behalf of sellers Chris DeAngelis of TriHill Management, and Todd Rosenberg and James Jago of Pebb Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $83,750,000
- Address: 415 West 120th Street
- Market: Morningside Heights
The sale of this multifamily property marks a significant transaction in the Morningside Heights market. The buyers and sellers were represented by reputable brokers from Cushman & Wakefield, highlighting their expertise in facilitating successful deals in the real estate industry.
On the Map
$83,750,000
$1,428/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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93