Private Investor Acquires Multifamily Property In Manhattan For $10.6M

The multifamily property located at 606 West 137th Street in Manhattan, New York has been sold in a closed transaction. The property spans a total of 27,810 square feet and was sold for a price of $10,600,000, resulting in a price per square foot of $381. The property's capitalization rate is 4.25%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,600,000
• Address: 606 West 137th Street, New York
• Market: Manhattan
• Square Footage: 27,810
• Price per Square Foot: $381
• Capitalization Rate: 4.25%

The seller of the property was Charles Dayan, while the buyer was a private investor. The transaction was facilitated by Rosewood Realty Group, with Mike Kerwin and Aaron Jungreis representing the buyer.