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11 West 123rd Street

Stellar Management Sells Multifamily Property At 11 West 123rd Street For $3.25M
SOLDMultiFamily

Stellar Management Sells Multifamily Property At 11 West 123rd Street For $3.25M

11 West 123rd Street

$3,250,000

$135/SF

Building Size

23,946 SF

Asset Type

MultiFamily

Closing

May 13, 2026

AI

The property involved in the transaction is a multifamily asset located at 11 West 123rd Street in Manhattan. The sale was executed at a price of $3,250,000, with the property comprising 25 units. The total square footage stands at 23,946, translating to a price per unit of $130,000 and a price per square foot of $135.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,250,000
  • Units: 25
  • Square Footage: 23,946
  • Price Per Unit: $130,000
  • Price Per Square Foot: $135
  • Seller: Stellar Management
  • Brokers: Yosef Katz, Shlomo Antebi & Erik Yankelovich - Atlas Realty Group
  • Date of Sale: 5/14/2026
  • Market: Manhattan

Key individuals in this transaction include Yosef Katz, Shlomo Antebi, and Erik Yankelovich, who represent the broker team from Atlas Realty Group, facilitating the sale on behalf of the seller, Stellar Management.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

129 deals

Broker
Stellar Management
Stellar ManagementSeller

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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93