Updated Feb 18, 2025
John Blanchard Acquires Multifamily Property On Upper West Side For $7.05M
120 W 74th St, New York, NY 10023, USA
$7,050,000
$1,068/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
May 12, 2020
About this deal
AI
The multifamily property located at 120 West 74th St in the Upper West Side was recently sold in a closed transaction. The property, delivered vacant, had been unoccupied for over 6 years. The sale price for this property was $7,050,000, and it offers 6,600 square feet of space, resulting in a price per square foot of $1,068. The property consists of 10 units, with a price per unit of $705,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,050,000
- Square Feet: 6,600
- Price per Square Foot: $1,068
- Units: 10
- Price per Unit: $705,000
The seller of the property was Bryan Binder, while the buyer was John Blanchard. The deal was facilitated by Ariel Ben Ezra from OxfordNYC, who represented one of the parties involved.
On the Map
$7,050,000
$1,068/SF
MultiFamily
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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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93