Updated Oct 28, 2024
PH Realty Capital Acquires Multifamily Properties In Upper West Side And Midtown East For $139M
54 West 75th Street, New York City, New York 10023, United States
$139,000,000
Units
200
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
The multifamily property located at 54 West 75th Street and 244 West 74th Street has been sold for a total price of $139,000,000. This Upper West Side and Midtown East property consists of 200 units, with a per unit price of $695,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $139,000,000
- Address: 54 West 75th Street & 244 West 74th Street
- Market: Upper West Side & Midtown East
- Buyer: PH Realty Capital - Peter Hungerford
- Seller: Abe Haruvi & Arthur Haruvi
- Units: 200
- Price Per Unit: $695,000
Peter Hungerford of PH Realty Capital represented the buyer in this transaction, while Abe Haruvi and Arthur Haruvi served as the sellers' representatives.
On the Map
$139,000,000
MultiFamily
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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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93