Jesse Wechsler Acquires Multifamily Property In Washington Heights, Manhattan For $7.05M
SOLD
$7,050,000
+ 1
New York
See Similar DealsMultiFamily36,125 SF
Sold 09/04/2023
SOLD
Jesse Wechsler Acquires Multifamily Property In Washington Heights, Manhattan For $7.05M
720 West 172nd Street
See Similar DealsMultiFamily36,125 SF
Sold 09/04/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:36,125 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$376,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16
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