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471-476 Central Park West

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

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

471-476 Central Park West

$33,550,000

$542/SF

Building Size

61,875 SF

Asset Type

MultiFamily

Closing

Mar 31, 2026

AI

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

CBRE

Broker

$431.6M

vol

50 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

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93