Cignature Realty Associates Brokers $8.3M Multifamily Sale In Washington Heights
830 West 177th Street, New York City, New York 10033, United States
$8,300,000
$235/SF
Building Size
35,192 SF
Asset Type
MultiFamily
Closing
May 24, 2022
AI
The property involved in this closed transaction is a multifamily asset located at 830 West 177th Street in the Washington Heights neighborhood. The sale took place on 05/25/2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $8,300,000
- Units: 44
- Price Per Unit (PPU): $188,636
- Square Footage (SF): 35,200
- Price Per Square Foot (PPSF): $235
- Market: Washington Heights
The transaction was facilitated by brokers Lazer Sternhell and Peter Vanderpool, representing Cignature Realty Associates.
Cignature Realty is a leading multifamily and apartment building sales firm in the New York Metro area and has been recognized with the CoStar Top Firms honor four times. For more information on their sold deals, recent news, market reports, and current listings, you can visit CignatureRealty.com.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93