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569 West 192nd Street, New ...

Deergrow Development Acquires Two 5-Story Walk-Up Buildings In Manhattan For $12.7M
SOLDMultiFamily

Deergrow Development Acquires Two 5-Story Walk-Up Buildings In Manhattan For $12.7M

569 West 192nd Street, New York, NY 10040

$12,700,000

Building Size

Asset Type

MultiFamily

Closing

Dec 4, 2017

AI

The two 5-story walk-up buildings located at 560 and 569 W 192nd Street in New York have been sold for a total price of $12,700,000. The transaction took place on December 5, 2017, in the Manhattan market. The buildings were purchased by Deergrow Development from the seller, Russell Freidman. The sale was facilitated by the broker Lev Mavashev from Alpha Realty.

Summary of transation details

  • Property Type: Two 5-Story Walk-Up Buildings
  • Transaction Amount: $12,700,000
  • Price per Square Foot: $243
  • Address: 560 and 569 W 192nd Street, New York
  • Market: Manhattan

Deergrow Development, led by their representative Lev Mavashev from Alpha Realty, acquired the two 5-story walk-up buildings located at 560 and 569 W 192nd Street in New York for a total price of $12,700,000. The seller of the buildings was Russell Freidman. This transaction took place in the Manhattan market on December 5, 2017. The purchase of these properties reflects Deergrow Development's continued growth in the real estate market within New York.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker
DD
Deergrow DevelopmentsBuyer

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

1.25%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93