Multifamily Property At 133 West 70th Street In Lincoln Square Sold For $4.6M
SOLD
New York
See Similar DealsMultiFamily8,045 SF
Sold 07/11/2024
SOLD
Multifamily Property At 133 West 70th Street In Lincoln Square Sold For $4.6M
133 West 70th Street
See Similar DealsMultiFamily8,045 SF
Sold 07/11/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$571
Total Square Footage:8,045 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 133 West 70th Street in the Lincoln Square neighborhood of Manhattan. The sale price was $4,600,000, and the property spans a total area of 8,045 square feet, resulting in a price per square foot of $572.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 133 West 70th Street
- Market: Lincoln Square, Manhattan
- Square Footage: 8,045
- Price Per Square Foot: $572
The transaction was represented by Hall Oster, Paul Smadbeck, and Teddy Galligan from JLL, who played key roles in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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