Hokyee Louise Fong Acquires Multifamily Property On Upper West Side For $13.25M
164 West 74th Street, Manhattan, New York, NY, USA
$13,250,000
$1,893/SF
Building Size
6,998 SF
Asset Type
MultiFamily
Closing
Dec 14, 2020
AI
The multifamily property located at 164 West 74th Street in the Upper West Side has been sold for a price of $13,250,000. The transaction took place on 12/15/2020, with Hokyee Louise Fong as the buyer and Thomas Ryan as the seller. The property has a total building square footage of 20,432, resulting in a price per buildable square foot of $648. The lot size is 5,108 square feet with dimensions of 50 ft x 102.17 ft. The property is zoned as R8B and falls under tax class 4. An alteration permit of type 3 was issued on 08/28/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,250,000
- Market: Upper West Side
- Buyer: Hokyee Louise Fong
- Seller: Thomas Ryan
- Building Square Footage: 20,432
- Price per Buildable Square Foot: $648
- Lot Size: 5,108 square feet
- Zoning: R8B
- Tax Class: 4
- Permit: Alteration type 3 (08/28/2019)
- Lot Dimensions: 50 ft x 102.17 ft
In this transaction, Hokyee Louise Fong represented the buyer as their broker from an undisclosed agency.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93