facebook
Traded Co logo
Submit

Pebb Capital, TriArch Real Estate, And Collegium Capital Acquire Student Housing Development In Manhattan For $20.3M

Property Image
SOLD
$20,300,000
Robert (Rob) Shapiro
Robert (Bob) Knakal
Hall Oster
+ 1

New York

See Similar Deals
Other63,639 SF
Sold 11/29/2020
the dealplayerscompscontact
Property Image
SOLD

Pebb Capital, TriArch Real Estate, And Collegium Capital Acquire Student Housing Development In Manhattan For $20.3M

415 West 120th Street, New York, NY, USA

See Similar Deals
Other63,639 SF
Sold 11/29/2020
Robert (Rob) Shapiro
Robert (Bob) Knakal
Hall Oster
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$319
Total Square Footage:63,639 SF
Transaction Type:Sale

A student housing development located at 415 West 120th Street in Manhattan's Morningside Heights neighborhood has been sold for a price of $20,300,000. The property spans a total of 63,639 square feet, equating to a price per square foot of $319. The seller of this asset is The Orbach Group, represented by Meyer Orbach. The buyer is a joint venture consisting of Pebb Capital, TriArch Real Estate Group, and Collegium Capital. Pebb Capital is represented by Todd Rosenberg and Ian Horowitz, TriArch Real Estate Group by Chris DeAngelis, and Todd Benson represents Collegium Capital.

Summary of transaction details:

  • Property Type: Student Housing Development
  • Transaction Amount: $20,300,000
  • Building Square Footage: 63,639 sf
  • Price per Square Foot: $319
  • Address: 415 West 120th Street
  • Market: Manhattan - Morningside Heights

The brokerage firm involved in this transaction is Cushman & Wakefield, with Robert Shapiro, Hall Oster, and Bob Knakal as the representatives.

Players

Robert (Bob) Knakal
BK Real Estate Advisors
Robert Knakal
64 deals$3.2B volume(907) 509-9501
BROKER
Hall Oster
JLL
Hall Oster
88 deals$2.1B volume
BROKER
Robert (Rob) Shapiro
CBRE
Robert Shapiro
78 deals$882.9M volume(212) 984-8082
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Meyer Orbach
Orbach Group
Meyer Orbach
31 deals$3.3B volume
SELLER

Details

SOLD
IMAGE: Chris DeAngelis, Todd Benson, Todd Rosenberg, Bob Knakal and Meyer Orbach DATE: 02/20/18 ADDRESS: 415 West 120th Street MARKET: Manhattan - Morningside Heights ASSET TYPE: Student Housing Development PRICE: $20,300,000 BSF: 63,639 sf ~ PPSF: $319 SELLER: The Orbach Group - Meyer Orbach BUYER: Pebb Capital (Todd Rosenberg, Ian Horowitz), TriArch Real Estate Group (Chris DeAngelis), Collegium Capital (Todd Benson) BROKER: @Cushwake - Robert Shapiro, Hall Oster, Bob Knakal

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)

$1,082,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,121.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,232.36
Annual Debt Service$1,154,788.28