Updated Oct 29, 2024
Jesse Wechsler Acquires Multifamily Property In Washington Heights, Manhattan For $7.05M
720 West 172nd Street
$7,050,000
$195/SF
Building Size
36,125 SF
Asset Type
MultiFamily
Closing
Sep 4, 2023
About this deal
AI
A multifamily property located at 720 West 172nd Street in Washington Heights, Manhattan has been sold for $7,050,000. The property consists of 32 units with an average price per unit of $220,313. The total square footage of the property is 36,125, leading to a price per square foot of $195.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,050,000
- Address: 720 West 172nd Street
- Market: Washington Heights, Manhattan
- Buyer: Jesse Wechsler
- Seller: Barberry Rose Management
- Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
- Units: 32
- Price per Unit: $220,313
- Square Footage: 36,125
- Price per Square Foot: $195
Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group represented both the buyer and the seller in this transaction.
Players
Market 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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93