Updated Oct 28, 2024
Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
630 West 172nd Street, New York City, New York 10032, United States
$4,155,000
$184/SF
Building Size
22,585 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
About this deal
AI
A 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 an average price per unit of $161,538. The total square footage of the property is 22,585, resulting in a price per square foot of $186.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 630 West 172nd Street, Washington Heights, Manhattan
- Market: Washington Heights, Manhattan
- Buyer: Jesse Wechsler
- Seller: Rockfarmer Properties
- Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group represented the buyer and seller in this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Alex Fuchs to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93