GRFO Alternative Investments Acquires Multifamily Property On Upper West Side For $16.2M
SOLD
$16,200,000
New York
See Similar DealsMultiFamily
Sold 12/21/2022
SOLD
GRFO Alternative Investments Acquires Multifamily Property On Upper West Side For $16.2M
992 Amsterdam Avenue, New York City, New York 10023, United States
See Similar DealsMultiFamily
Sold 12/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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