Updated Dec 21, 2023
Samuel Schreiber Acquires Washington Heights Multifamily For $3.95M
502-504 West 170th Street
$3,950,000
$241/SF
Building Size
16,350 SF
Asset Type
MultiFamily
Closing
Apr 29, 2022
About this deal
AI
A multifamily property located at 502-504 West 170th Street in Washington Heights has been sold. The property consists of 20 units, with a total of 16,350 square feet. The sale took place on April 29, 2022, with a sale price of $3,950,000. This translates to a price per unit of $197,500 and a price per square foot of $241.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Units: 20
- Price per Unit: $197,500
- Square Feet: 16,350
- Price per Square Foot: $241
- Market: Washington Heights
The buyer of the property is Samuel Schreiber, while the seller is Guillermo Garcia. Their respective brokers or representatives are not specified in the provided information.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93