$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
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