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Multifamily Asset On Central Park West Sold For $33.55M Represented By CBRE Brokers

Property Image
SOLD
$33,550,000
Robert (Rob) Shapiro
Ian Brooks
+ 1

New York

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MultiFamily61,875 SF
Sold 04/01/2026
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Property Image
SOLD

Multifamily Asset On Central Park West Sold For $33.55M Represented By CBRE Brokers

471-476 Central Park West

See Similar Deals
MultiFamily61,875 SF
Sold 04/01/2026
Robert (Rob) Shapiro
Ian Brooks
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$542
Total Square Footage:61,875 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 471-476 Central Park West in the Upper West Side market. The sale price for this property was $33,550,000, which reflects a price per unit of $296,902 across 113 units. The total square footage of the property is 61,875, resulting in a price per square foot of $542.

Summary of transaction details:

The brokers representing this transaction are Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia from CBRE, highlighting the professionals involved in facilitating this sale in the multifamily real estate sector.

Players

Ian Brooks
50 deals$431.6M volume(212) 984-8107
BROKER

Robert (Rob) Shapiro
CBRE
78 deals$882.9M volume(212) 984-8082
BROKER

Nicholas Kontos
CBRE
30 deals$362.9M volume(857) 222-5411
BROKER

David Garcia
CBRE
11 deals$102.8M volume(212) 984-8000
BROKER

Details

SOLD
IMAGE: Robert Shapiro, Ian Brooks, Nicholas Kontos & David Garcia DATE: 4/1/2026 ADDRESS: 471-476 Central Park West MARKET: Upper West Side ASSET TYPE: Multifamily BROKERS: Robert Shapiro (@RMShapiro), Ian Brooks (@Eighteenhundo), Nicholas Kontos (@nyinvestmentsales) & David Garcia - CBRE (@CBRE) SALE PRICE: $33,550,000 UNITS: 113 ~ PPU: $296,902 SF: 61,875 ~ PPSF: $542

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,789,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,196.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,044.12
Annual Debt Service$1,908,529.40