Updated Oct 28, 2024
Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
630 West 172nd Street
$4,200,000
$186/SF
Building Size
22,585 SF
Asset Type
MultiFamily
Closing
Oct 20, 2022
About this deal
AI
The multifamily property located at 630 West 172nd Street in Washington Heights, Manhattan, has been sold in a recent transaction. The property consists of 26 units and spans over a total area of 22,585 square feet. The sale price for this transaction was $4,200,000, resulting in a price per unit of $161,538 and a price per square foot of $186.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 630 West 172nd Street
- Market: Washington Heights, Manhattan
- Buyer: Jesse Wechsler
- Seller: Rockfarmer Properties
- Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs - Rosewood Realty Group
- Units: 26
- Price Per Unit: $161,538
- Square Footage: 22,585
- Price Per Square Foot: $186
The sale of this property was facilitated by the brokers, Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, from Rosewood Realty Group. Their involvement in the transaction played a crucial role in connecting the buyer, Jesse Wechsler, with the seller, Rockfarmer Properties.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93