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:
- Property Type: Multifamily
- Transaction Amount: $33,550,000
- Units: 113
- Price Per Unit: $296,902
- Total Square Feet: 61,875
- Price Per Square Foot: $542
- Date of Sale: 4/1/2026
- Address: 471-476 Central Park West
- Market: Upper West Side
- Brokers: Robert Shapiro, Ian Brooks, Nicholas Kontos & David Garcia - CBRE
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
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