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603 West 138th Street

Multifamily Property At 603 West 138th Street Sold For $3,100,000 With CBRE Brokers
SOLDMultiFamily

Multifamily Property At 603 West 138th Street Sold For $3,100,000 With CBRE Brokers

603 West 138th Street

$3,100,000

$98/SF

Building Size

31,544 SF

Asset Type

MultiFamily

Closing

Mar 30, 2026

AI

The multifamily property located at 603 West 138th Street in the Hamilton Heights market has been successfully sold for $3,100,000. This asset comprises 25 units and offers a total square footage of 31,544, resulting in a price per unit of $124,000 and a price per square foot of $98.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Units: 25
  • Square Footage: 31,544
  • Price Per Unit: $124,000
  • Price Per Square Foot: $98

The transaction was facilitated by brokers Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia from CBRE, who represented the parties involved in this deal.

Players

Ian Brooks

CBRE

Broker

$431.6M

vol

50 deals

Broker

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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93