Updated Dec 4, 2024
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:
- Property Type: Package Deal
- Transaction Amount: $14,100,000
- Address: 23-25 West 106th Street
- Market: Upper West Side
- Buyer: Jojo Rabinowitz - Liberty One Group
- Seller: August Aichorn Center
- Buyer's Rep: Hall Oster & Teddy Galligan - JLL and Sam Schertz - Schuckman Realty
- Seller's Rep: Shlomi Reuveni - Reuveni Development Marketing
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
New York Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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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