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
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93