Updated Oct 28, 2024
Seven Equities Acquires Multifamily Property In Washington Heights For $3.35M
670 West 193rd Street, New York City, New York 10040, United States
$3,350,000
$272/SF
Building Size
12,280 SF
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
An multifamily property located at 670 W. 193rd Street in Washington Heights has been sold for a price of $3,350,000. The property spans across 12,280 square feet, resulting in a price per square foot of $272. It consists of 22 units, with a price per unit of $160,000. The sale was facilitated by Sam Schertz from Schuckman Realty, representing both the buyer, Seven Equities, and the seller, Coral Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Address: 670 W. 193rd Street
- Market: Washington Heights
- Asset Type: Multifamily
- Zoning: R7-2
In addition to this deal, Sam Schertz is also working on various other transactions in the same area. For further information, you can reach out to Sam Schertz at [email protected].
Note: Each unit in the property was sold for $160,000, while the price per square foot was $272.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93