Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
SOLD
$4,155,000
+ 1
New York
See Similar DealsMultiFamily22,585 SF
Sold 10/20/2022
SOLD
Jesse Wechsler Acquires Multifamily Property In Washington Heights For $4.2M
630 West 172nd Street, New York City, New York 10032, United States
See Similar DealsMultiFamily22,585 SF
Sold 10/20/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$184
Total Square Footage:22,585 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,761.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,696.82
Annual Debt Service$236,361.84
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