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550 W 171st St, New York, N...

Treetop Development Acquires Property At 550 W 171st St From Baxter 18 Realty Co For $11.6M
SOLDMultiFamily

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

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.

Players

Ivan Hakimian

HPNY

Broker

$132.6M

vol

8 deals

Broker
Treetop Development
Treetop DevelopmentBuyer

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