WHP LLC Acquires MultiFamily In New York For $165M
SOLD
$165,000,000
New York
See Similar DealsMultiFamily487,700 SF
Sold 05/04/2016
SOLD
WHP LLC Acquires MultiFamily In New York For $165M
St Nicholas Avenue, New York, NY, 10...
See Similar DealsMultiFamily487,700 SF
Sold 05/04/2016
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.
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Deal Type
30 years
10 years
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
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