Updated Dec 21, 2023
Spyrupoulos Family Acquires Washington Heights Multifamily Package For $20.6M
633 W 171st St, Manhattan, New York, NY, USA
$20,600,000
Units
114
Asset Type
MultiFamily
Closing
Jan 20, 2021
About this deal
AI
The package deal of multifamily properties located at 633 W. 171 St., 636 W. 172 St., 642 W. 172 St., and 643 W. 172 St. in Washington Heights has been sold. The transaction took place on January 21, 2021.
Summary of transaction details
- Property Type: Multifamily (Package deal)
- Transaction Amount: $20,600,000
- Units: 114
- Price per unit: $180,701
The buyer of these properties is the Spyrupoulos Family, while the seller is the Sayegh Family. The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Ryan Perkoski.
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93