Updated Oct 25, 2024
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
About this deal
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