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

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

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

$28,900,000

$958/SF

Building Size

30,159 SF

Asset Type

MultiFamily

Closing

Nov 3, 2017

AI

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

JLL

Broker

$2.2B

vol

90 deals

Broker
FT
Fine TimesBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93