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

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SOLD
$14,000,000

New York

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Package Deal49,140 SF
Sold 03/01/2024
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Property Image
SOLD

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

23 West 106th Street & 25 West 106th Street

See Similar Deals
Package Deal49,140 SF
Sold 03/01/2024
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Summary

NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$284
Total Square Footage:49,140 SF
Transaction Type:Sale

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
89 deals$2.2B volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Shlomi Reuveni
Reuveni Development Marketing
1 deal$14M volume
BROKER

Details

SOLD
IMAGE: Hall Oster, Teddy Galligan, Shlomi Reuveni & Sam Schertz DATE: 03/01/2024 ADDRESS: 23-25 West 106th Street MARKET: Upper West Side ASSET TYPE: Package Deal BUYER: Jojo Rabinowitz - Liberty One Group SELLER: August Aichorn Center BUYER'S REP: Hall Oster & Teddy Galligan (@T_Galligan12) - JLL (@JLL) & Sam Schertz - Schuckman Realty SELLER'S REP: Shlomi Reuveni (@ReuveniShlomi) - Reuveni Development Marketing (@ReuveniRealEstate) SALE PRICE: $14,100,000 SF: 24,570 ~ PPSF: $574

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$746,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71