Wafra Capital Partners Acquires Multifamily Property For $168M In Upper West Side
SOLD
$168,000,000
+ 3
New York
See Similar DealsMultiFamily220,168 SF
Sold 12/22/2021
SOLD
Wafra Capital Partners Acquires Multifamily Property For $168M In Upper West Side
720 West End Avenue, New York City, New York 10025, United States
See Similar DealsMultiFamily220,168 SF
Sold 12/22/2021
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$763
Total Square Footage:220,168 SF
Transaction Type:Sale
Located in the Upper West Side neighborhood, the multifamily property at 720 West End Avenue has been sold in a closed transaction. This sale was facilitated by Maurice Suede, Adam Spies, Eric Roth, Adam Doneger, Michael Collins, and Tyler Signora from Cushman & Wakefield, representing the seller, Brack Capital Real Estate. The buyer of the property was Wafra Capital Partners.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $168,000,000
- Square Footage: 220,168 SF
- Price per Square Foot: $763
- Address: 720 West End Avenue
- Market: Upper West Side
This transaction involving the sale of the multifamily property represents a significant deal in the real estate market. It highlights the expertise and negotiation skills of Maurice Suede, Adam Spies, Eric Roth, Adam Doneger, Michael Collins, and Tyler Signora from Cushman & Wakefield. Wafra Capital Partners emerges as the successful buyer, demonstrating their investment strategy and commitment to the Upper West Side market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,959,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$596,868.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$796,405.71
Annual Debt Service$9,556,868.52
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