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415 West 120th Street, Manh...

Cushman & Wakefield Facilitates $83.75M Multifamily Sale In Morningside Heights
SOLDMultiFamily

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

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.

Players

Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93