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164 West 74th Street, Manha...

Updated Oct 25, 2024

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

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

Thomas Ryan

Greystone

Broker

$95.8M

vol

6 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.9K per square foot on a published $13.3M for 6,998 square feet (2020).

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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

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