Maurice Kohan Acquires 10-Unit Multifamily At 620 West End Avenue, Upper West Side, Manhattan For $3.4M
620 West End Avenue
$3,400,000
$573/SF
Building Size
5,928 SF
Asset Type
MultiFamily
Closing
Nov 3, 2023
AI
The 10-unit residential walkup building located at 620 West End Avenue in the Upper West Side of Manhattan has been sold for $3.4 million. The building is situated in a prime location in the Upper West Side, known for its vibrant community and close proximity to various amenities and attractions. The sale of this multifamily property presents an excellent investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,400,000
- Number of Units: 10
- Price per Unit: $340,000
- Building Square Footage: 14,940
- Price per Square Foot: $228
- Land Area: 5,928 square feet
- Price per Square Foot (Land): $574
Maurice Kohan, through his company West End Enterprises Group LLC, successfully acquired the 10-unit residential walkup building. The sellers, Ofelia Roca and Sylvia Pena, sold the property to Maurice Kohan's company, 620 Wea LLC, for the aforementioned price. This transaction exemplifies Maurice Kohan's dedication to investment opportunities in the real estate market, particularly in the Upper West Side of Manhattan.
Players
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93