facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

Upper West Side, New York C...

ARod Acquires $9.9M Upper West Side Residential Co-op
SOLDMultiFamily

ARod Acquires $9.9M Upper West Side Residential Co-op

Upper West Side, New York City, New York, United States

$9,900,000

Building Size

Asset Type

MultiFamily

Closing

Jan 19, 2022

AI

Located in the Upper West Side market, this residential co-op was recently sold for a price of $9,900,000. The property spans approximately 3,600 square feet, resulting in a price per square foot of $2,750. The transaction took place in January 2022, with the buyer identified as Alex Rodriguez.

Summary of transaction details

  • Property Type: Residential Co-op
  • Transaction Amount: $9,900,000
  • Square Footage: 3,600
  • Price per Square Foot: $2,750
  • Market: Upper West Side

Alex Rodriguez, known under the Instagram handle @ARod, acquired this residential co-op unit. The deal represents an important acquisition for Mr. Rodriguez, who was assisted by his broker representative in the transaction.

Players

Josh Rhine

Meridian Capital Group

Broker

$479.2M

vol

10 deals

Broker
Apple Bank
Apple BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93