Updated Oct 28, 2024
Wafra Capital Partners Acquires Multifamily Property For $168M In Upper West Side
720 West End Avenue, New York City, New York 10025, United States
$168,000,000
$763/SF
Building Size
220,168 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
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.
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93