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Private Investor Acquires Multifamily Property In Manhattan For $10.6M

606 West 137th Street
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This MultiFamily property located in NY was sold over 6 years ago. The brokers of the deal were Michael "Mike" Kerwin and Aaron Jungreis

The multifamily property located at 606 West 137th Street in Manhattan, New York has been sold in a closed transaction. The property spans a total of 27,810 square feet and was sold for a price of $10,600,000, resulting in a price per square foot of $381. The property's capitalization rate is 4.25%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,600,000
  • Address: 606 West 137th Street, New York
  • Market: Manhattan
  • Square Footage: 27,810
  • Price per Square Foot: $381
  • Capitalization Rate: 4.25%

The seller of the property was Charles Dayan, while the buyer was a private investor. The transaction was facilitated by Rosewood Realty Group, with Mike Kerwin and Aaron Jungreis representing the buyer.

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Deals
  • Location
    606 W 137th St, New York, NY 10031, USA606 W 137th St, New York, NY 10031, USA
  • Area
    27,810 SF27,810 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael "Mike" Kerwin

Michael "Mike" Kerwin

Deals21
Sold$136.5M

Agency

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

Deal Summary

DATE: 12/20/17 ADDRESS: 606 West 137th Street CITY: New York MARKET: Manhattan ASSET TYPE: Multifamily PRICE: $10,600,000 SF: 27,810 PPSF: $381 CAP RATE: 4.25% SELLER: Charles Dayan BUYER: Private Investor BROKER: Rosewood Realty Group – Mike Kerwin and Aaron Jungreis

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606 West 137th Street

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