Updated Oct 29, 2024
WHP LLC Acquires MultiFamily In New York For $165M
St Nicholas Avenue, New York, NY, 10...
$165,000,000
$338/SF
Building Size
487,700 SF
Asset Type
MultiFamily
Closing
May 4, 2016
About this deal
AI
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.
On the Map
$165,000,000
$338/SF
MultiFamily
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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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93