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54 West 75th Street, New Yo...

PH Realty Capital Acquires Multifamily Properties In Upper West Side And Midtown East For $139M
SOLDMultiFamily

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

Building Size

Asset Type

MultiFamily

Closing

Jul 20, 2022

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.

Players

Peter Hungerford

PH Realty Capital

Buyer

$503M

vol

13 deals

Buyer
PC
PH Realty CapitalSeller

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