Updated Oct 29, 2024
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
Units
43
Asset Type
MultiFamily
Closing
Dec 21, 2022
About this deal
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.
The multifamily sale at 992 Amsterdam Avenue, New York City, New York 10023, United States in New York, New York sold for $16.2M in 2022. Reported inventory is 43 units across 43 units. Named participants on the 992 Amsterdam Avenue, New York City, New York 10023, United States sale are Doron Greenberg. This page is the New York, New York file for the 992 Amsterdam Avenue, New York City, New York 10023, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 992 Amsterdam Avenue, New York City, New York 10023, United States around 2022. Published consideration for 992 Amsterdam Avenue, New York City, New York 10023, United States is $16.2M, dated 2022. Cite this GRFO Alternative Investments Acquires Multifamily Property On Upper West Side For $16.2M sale when underwriting similar multifamily product around New York, New York.
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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