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620 West End Avenue

Maurice Kohan Acquires 10-Unit Multifamily At 620 West End Avenue, Upper West Side, Manhattan For $3.4M
SOLDMultiFamily

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

Maurice Kohan

Buyer

$11.6M

vol

4 deals

Buyer

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