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
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