Isaac Abraham Of Witnick Real Estate Partners Purchases MultiFamily Property From Leon Goldenberg For $4M
SOLD
New York
See Similar DealsMultiFamily9,795 SF
Sold 09/12/2017
SOLD
Isaac Abraham Of Witnick Real Estate Partners Purchases MultiFamily Property From Leon Goldenberg For $4M
467 West 164th St
See Similar DealsMultiFamily9,795 SF
Sold 09/12/2017
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$408
Total Square Footage:9,795 SF
Transaction Type:Sale
The transaction involved a multi-family property located at 467 West 164th St in New York. The asset was sold for $4,000,000.00 and has a total square footage of 9795.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,000,000.00
- Address: 467 West 164th St
- Market: New York
- Square Footage: 9795.0
- Buyer: Isaac Abraham (Witnick Real Estate Partners)
- Seller: Leon Goldenberg (Goldmont Realty)
- Brokers: Erik Yankelovich (Atlas Realty Group), Shlomo Antebi (Atlas Realty Group)
- Sale Date: 09/12/2017
Isaac Abraham represented Witnick Real Estate Partners as the buyer, while Leon Goldenberg represented Goldmont Realty as the seller. Both parties were represented in the transaction by Erik Yankelovich and Shlomo Antebi from Atlas Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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