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
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.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93