facebook
Traded Co logo
Submit

WHP LLC Acquires MultiFamily In New York For $165M

Property Image
SOLD
$165,000,000

New York

See Similar Deals
MultiFamily487,700 SF
Sold 05/04/2016
the dealplayerscompscontact
Property Image
SOLD

WHP LLC Acquires MultiFamily In New York For $165M

St Nicholas Avenue, New York, NY, 10...

See Similar Deals
MultiFamily487,700 SF
Sold 05/04/2016
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:487,700 SF
Transaction Type:Sale

The property asset involved in the transaction is a MultiFamily building located at St Nicholas Avenue, New York, NY. The transaction involved a total price of $165,000,000.00 for a property encompassing a square footage of 487,700 in the New York market.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $165,000,000.00
  • Address: St Nicholas Avenue, New York, NY
  • Market: New York
  • Square Footage: 487,700
  • Seller's Representative: Marcia Rose Yawitz-Eastern Consolidated
  • Buyer: WHP LLC
  • Sale Date: 05/04/2016

Key individuals in the transaction included Marcia Rose Yawitz from Eastern Consolidated representing the seller, while WHP LLC acted as the buyer of the property. The deal was finalized on May 4, 2016.

Players

Marcia Rose Yawitz
1 deal$165M volume(917) 544-2543
BROKER

Details

SOLD
IMAGE: 05/04/2016 ADDRESS: St Nicholas Avenue, New York, NY, 10... MARKET: New York ASSET TYPE: MultiFamily SELLER'S REP: Marcia Rose Yawitz-Eastern Consolidated BUYER: WHP LLC PRICE: $165,000,000.00 SF: 487700

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,800,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$586,210.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$782,184.18
Annual Debt Service$9,386,210.15