Updated Oct 29, 2024
Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
650 W 173rd St, New York, NY 10032, USA
Building Size
254,000 SF
Asset Type
MultiFamily
Closing
Jan 31, 2018
About this deal
AI
An multifamily property located at 630 West 172nd Street in Washington Heights, Manhattan has been sold for a price of $4,200,000. The property consists of 26 units with a total square footage of 22,585. The sale price per unit comes to $161,538, and the price per square foot is $186.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 26
- Price per Unit: $161,538
- Square Footage: 22,585
- Price per Square Foot: $186
The buyer of the property is Jesse Wechsler, while the seller is Rockfarmer Properties. The deal was facilitated by brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.
On the Map
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93