Cignature Realty Associates Brokers $8.3M Multifamily Sale In Washington Heights
SOLD
$8,300,000
New York
See Similar DealsMultiFamily35,192 SF
Sold 05/25/2022
SOLD
Cignature Realty Associates Brokers $8.3M Multifamily Sale In Washington Heights
830 West 177th Street, New York City, New York 10033, United States
See Similar DealsMultiFamily35,192 SF
Sold 05/25/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:35,192 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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