Updated Dec 4, 2024
Slate Property Group Purchases 173-Unit Multifamily Property In New York City For $120M
600 Columbus Ave New York, NY 10024, USA
$120,000,000
$685/SF
Building Size
175,000 SF
Asset Type
MultiFamily
Closing
May 26, 2023
About this deal
AI
600 Columbus Avenue, a multifamily property located in New York City, has been sold in a recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $120,000,000
- Units: 173
- Price per Unit: $693,642
- Square Footage: 175,000
- Price per Square Foot: $686
The buyer, Slate Property Group, acquired the property through the representation of their brokers Robert Knakal, Jonathan Hageman, Hall Oster, Teddy Galligan, and Braedon Gait of JLL.
The multifamily sale at 600 Columbus Ave New York, NY 10024, USA in New York, New York sold for $120M in 2023. Reported inventory is 175,000 square feet across 173 units, or about 685 per square foot. Robert (Bob) Knakal, Jonathan (Jon) Hageman, Hall Oster, Teddy Galligan appear on the sale alongside JLL, BKREA. This page is the New York, New York file for the 600 Columbus Ave New York, NY 10024, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 600 Columbus Ave New York, NY 10024, USA around 2023. Published consideration for 600 Columbus Ave New York, NY 10024, USA is $120M, dated 2023. Cite this Slate Property Group Purchases 173-Unit Multifamily Property In New York City For $120M sale when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93