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Fine Times Acquires Property At 110 W 69th St New York For $28.9 Million With Brokers JLL

Property Image
SOLD
$28,900,000
Hall Oster
Conrad Martin
+ 1

New York

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MultiFamily30,159 SF
Sold 11/03/2017
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Property Image
SOLD

Fine Times Acquires Property At 110 W 69th St New York For $28.9 Million With Brokers JLL

110 W 69th St, New York, NY, 10023

See Similar Deals
MultiFamily30,159 SF
Sold 11/03/2017
Hall Oster
Conrad Martin
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$958
Total Square Footage:30,159 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 110 W 69th St, New York, NY, with a sale price of $28,900,000.00. The property encompasses a total square footage of 30,159 and is situated in the New York market.

Summary of transaction details:

  • Property Type: SALE
  • Transaction Amount: $28,900,000.00
  • Address: 110 W 69th St, New York, NY, 10023
  • Square Footage: 30,159
  • Buyer: Fine Times
  • Seller: Local family of Investors
  • Buyer's Representatives: Matthew "Teddy" Galligan, Bryan Smadbeck - Cushman & Wakefield, Hall Oster - JLL
  • Brokers: Conrad Martin - JLL

This deal involved multiple representatives, including Matthew "Teddy" Galligan and Bryan Smadbeck from Cushman & Wakefield, alongside Hall Oster from JLL representing the buyer, Fine Times. The transaction also included broker Conrad Martin of JLL facilitating the sale on behalf of the seller, comprising a local family of investors.

Players

Hall Oster
88 deals$2.1B volume
BROKER

Conrad Martin
JLL
39 deals$414M volume
BROKER

Matthew "Teddy" Galligan
JLL
7 deals$179M volume
BROKER

Bryan Smadbeck
Cushman & Wakefield
3 deals$82.4M volume(212) 377-2278
BROKER

BUYER

Details

SOLD
IMAGE: 110 W 69th St, New York, NY, 10023 MARKET: New York BUYER'S REP: Matthew "Teddy" Galligan, Bryan Smadbeck -Cushman & Wakefield, Hall Oster -JLL BROKERS: Conrad Martin -JLL BUYER: Fine Times SELLER: Local family of Investors. PRICE: $28,900,000.00 SF: 30159

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

$1,541,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$102,675.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,000.74
Annual Debt Service$1,644,008.93