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164 West 74th Street, Manha...

Hokyee Louise Fong Acquires Multifamily Property On Upper West Side For $13.25M
SOLDMultiFamily

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

Thomas Ryan

Greystone

Broker

$95.8M

vol

6 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

1.20%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93