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511 West 184th Street, New ...

Updated Sep 9, 2024

Amit Doshi & Shallini Mehra Acquire Multifamily Property In Washington Heights For $3.4M
SOLDMultiFamily

Amit Doshi & Shallini Mehra Acquire Multifamily Property In Washington Heights For $3.4M

511 West 184th Street, New York City, New York 10033, United States

$3,400,000

$191/SF

Building Size

17,760 SF

Asset Type

MultiFamily

Closing

Dec 13, 2021

About this deal

AI

A multifamily property located at 511 West 184th Street in Washington Heights has been sold for a price of $3,400,000. The property spans across 17,760 square feet, resulting in a price per square foot of $191.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Address: 511 West 184th Street
  • Market: Washington Heights

The transaction was facilitated by Amit Doshi and Shallini Mehra from Meridian Capital Group. They represented the parties involved in the deal.

The multifamily sale at 511 West 184th Street, New York City, New York 10033, United States in New York, New York sold for $3.4M in 2021. The building is 17,760 square feet, implying about 191 per square foot on the published price. Amit Doshi, Shallini Mehra, Meridian Capital Group appear on the sale alongside Meridian Capital Group. This page is the New York, New York file for the 511 West 184th Street, New York City, New York 10033, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 511 West 184th Street, New York City, New York 10033, United States around 2021. Published consideration for 511 West 184th Street, New York City, New York 10033, United States is $3.4M, dated 2021. Cite this Amit Doshi & Shallini Mehra Acquire Multifamily Property In Washington Heights For $3.4M sale when underwriting similar multifamily product around New York, New York.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $191 per square foot on a published $3.4M for 17,760 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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