Grieco Family Sells Multifamily Asset At 515 West 27th Street For $4.025M
SOLD
$4,025,000
New York
See Similar DealsMultiFamily12,347 SF
Sold 05/05/2026
SOLD
Grieco Family Sells Multifamily Asset At 515 West 27th Street For $4.025M
515 West 27th Street
See Similar DealsMultiFamily12,347 SF
Sold 05/05/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$326
Total Square Footage:12,347 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 515 West 27th Street in Chelsea, Manhattan. The sale price of the property was $4,025,000, and it has a total square footage of 12,347, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,025,000
- Address: 515 West 27th Street
- Market: Chelsea, Manhattan
- Seller: Grieco Family
- Sale Date: 5/5/2026
- Broker Representation: David Schechtman, Jonathan Schwartz & Henry Barnathan - Meridian Capital Group
Meridian Capital Group facilitated the transaction, representing the seller, Grieco Family. The brokers involved in this deal were David Schechtman, Jonathan Schwartz, and Henry Barnathan, who are acknowledged in the promotion of the property's successful sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$214,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,299.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,080.55
Annual Debt Service$228,966.64
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