GRFO Alternative Investments Acquires Multifamily Property On Upper West Side For $16.2M
992 Amsterdam Avenue, New York City, New York 10023, United States
$16,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 21, 2022
AI
The multifamily property located at 992 & 998 Amsterdam Avenue in the Upper West Side has been sold for a total price of $16,200,000. The property consists of 43 units, with an average per unit price of $376,744.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,200,000
- Units: 43
- Price Per Unit: $376,744
GRFO Alternative Investments, represented by Doron Greenberg, acted as the buyer in this transaction. The seller, Property Resources Corporation, was represented by Benjamin Linde.
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93