Updated Oct 29, 2024
Treetop Development Acquires Property At 550 W 171st St From Baxter 18 Realty Co For $11.6M
550 W 171st St, New York, NY, 10032
$11,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 18, 2015
About this deal
AI
The property asset involved in this transaction is located at 550 W 171st St, New York, NY, 10032, in the New York market. The sale price for the property was $11,600,000.00. The asset does not specify a square footage.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,600,000.00
- Address: 550 W 171st St, New York, NY, 10032
- Market: New York
- Buyer: Treetop Development
- Seller: Baxter 18 Realty Co
- Buyer’s Representative: Eli Scharf - HPNY, Ivan Hakimian
The key individuals involved in this transaction include Eli Scharf from HPNY and Ivan Hakimian, who represented the buyer, Treetop Development. The seller was represented by Baxter 18 Realty Co, highlighting the collaboration between multiple entities during this closed transaction.
On the Map
$11,600,000
MultiFamily
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Players
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93