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153 West 74th Street

$13.65M Multifamily Sale In Manhattan At 153, 114 West 74th St & 13, 15 West 82nd St
SOLDMultiFamily

$13.65M Multifamily Sale In Manhattan At 153, 114 West 74th St & 13, 15 West 82nd St

153 West 74th Street, 114 West 74th Street, 13 West 82nd Street & 15 East 82nd Street

$13,650,000

$130/SF

Building Size

104,764 SF

Asset Type

MultiFamily

Closing

Jan 23, 2024

AI

Four multifamily properties located in Manhattan have been sold in a recent transaction. The properties include 153 West 74th Street, 114 West 74th Street, 13 West 82nd Street, and 15 West 82nd Street. The sale was completed on January 23, 2024, with a total sale price of $13,650,000. The combined properties offer a total of 46 units, with an average price per unit of $296,739. The total square footage of the properties is 26,191, resulting in a price per square foot of $521.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,650,000
  • Units: 46
  • Price per Unit: $296,739
  • Total Square Footage: 26,191
  • Price per Square Foot: $521

David R Lachtman from Lachtman Cohen & Belowich P.C. served as the seller's counsel for this transaction.

Players

David R Lachtman

Broker

$209.1M

vol

12 deals

Broker

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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93