PH Realty Capital Acquires Multifamily Properties In Upper West Side And Midtown East For $139M
SOLD
$139,000,000
New York
See Similar DealsMultiFamily
Sold 07/21/2022
SOLD
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
See Similar DealsMultiFamily
Sold 07/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,413,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$493,837.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$658,930.91
Annual Debt Service$7,907,170.97
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