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630 West 172nd Street

Updated Oct 28, 2024

Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

214 deals

Broker

Jesse Wechsler

Buyer

$15.4M

vol

4 deals

Buyer
RP
Rockfarmer PropertiesSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $186 per square foot on a published $4.2M for 22,585 square feet (2022).

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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

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