RPR Ventures Represents Ted Piper In $2.05M Washington Heights Multifamily Sale
615 West 176th Street
$2,050,000
$137/SF
Building Size
14,960 SF
Asset Type
MultiFamily
Closing
Aug 15, 2022
AI
The multifamily property located at 615 W. 176th St. in Washington Heights has been sold for a price of $2,050,000. The property consists of 17 units with an average price per unit (PPU) of $120,588. The total square footage of the property is 14,960, with a price per square foot (PPSF) of $137.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 615 W. 176th St.
- Market: Washington Heights
- Units: 17
- PPU: $120,588
- SF: 14,960
- PPSF: $137
The seller of the property was Ted Piper. The transaction was facilitated by Ryan Perkoski and John Martisch from RPR Ventures. They represented both the buyer and the seller in the deal.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93