Skyline Developers Acquires Multifamily Property In Midtown Manhattan For $75M
SOLD
$75,000,000
New York
See Similar DealsMultiFamily22,500 SF
Sold 03/07/2019
SOLD
Skyline Developers Acquires Multifamily Property In Midtown Manhattan For $75M
9-11 West 54th Street, New York, NY, USA
See Similar DealsMultiFamily22,500 SF
Sold 03/07/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,333
Total Square Footage:22,500 SF
Transaction Type:Sale
The multifamily property located at 9-11 W 54th St has been sold in a closed transaction. The property spans approximately 22,500 square feet and was sold for a total price of $75 million. This results in a price per square foot of $3,333. The sale was finalized on 03/07/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75 million
- Address: 9-11 W 54th St
- Buyer: Skyline Developers - The Wilf Family
- Seller: DLJ Real Estate Capital Partners & J.D. Carlisle
- Broker: @CathyFFranklin @thecorcorangroup
The buyer of the property is Skyline Developers, represented by The Wilf Family. The seller in this transaction is DLJ Real Estate Capital Partners and J.D. Carlisle. The deal was facilitated by Cathy Franklin of The Corcoran Group.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16
Is there something missing? Send suggestions