SOLDMultiFamily
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
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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