RPR Ventures Represents Ted Piper In $2.05M Washington Heights Multifamily Sale
SOLD
$2,050,000
New York
See Similar DealsMultiFamily14,960 SF
Sold 08/15/2022
SOLD
RPR Ventures Represents Ted Piper In $2.05M Washington Heights Multifamily Sale
615 West 176th Street
See Similar DealsMultiFamily14,960 SF
Sold 08/15/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$137
Total Square Footage:14,960 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,283.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,718.05
Annual Debt Service$116,616.55
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