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
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