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23 West 106th Street

Updated Dec 4, 2024

Jojo Rabinowitz Of Liberty One Group Acquires 106th Street Package Deal For $14.1M
SOLDPackage Deal

Jojo Rabinowitz Of Liberty One Group Acquires 106th Street Package Deal For $14.1M

23 West 106th Street & 25 West 106th Street

$14,000,000

$284/SF

Building Size

24,570 SF

Asset Type

Package Deal

Closing

Mar 1, 2024

About this deal

AI

The asset located at 23-25 West 106th Street on the Upper West Side was part of a package deal transaction. The property was sold for $14,100,000 with a total square footage of 24,570, resulting in a price per square foot of $574.

Summary of transaction details:

The deal involved key individuals and companies, including Jojo Rabinowitz from Liberty One Group as the buyer and the August Aichorn Center as the seller. Representing the buyer were Hall Oster and Teddy Galligan from JLL, along with Sam Schertz from Schuckman Realty. On the seller's side, Shlomi Reuveni from Reuveni Development Marketing facilitated the transaction.

Players

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

New York Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Deal FAQ

About $284 per square foot on a published $14M for 49,140 square feet (2024).

Visit Hall Oster to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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