Updated Dec 21, 2023
JLL Brokers $9.5M Sale Of Multifamily Property On Upper West Side By Alchemy Ventures & Z & G Property Group
203 West 80th Street, New York City, New York 10024, United States
$9,500,000
$1,186/SF
Building Size
8,004 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
A multifamily property located at 203 West 80th Street in the Upper West Side of New York City has been sold for $9,500,000. The property spans a total of 8,004 square feet, resulting in a price per square foot of $1,186. The transaction took place on February 25, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Address: 203 West 80th Street
- Market: Upper West Side
The seller of the property was Alchemy Ventures represented by Sam Kooris and Z + G Property Group represented by Jay Greenberg. The sale was facilitated by brokers from JLL, including Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93