Updated Dec 21, 2023
Alchemy Ventures And ZG Property Group Acquire Multifamily Property On Upper West Side For $5.4M
203 W 80th St, New York, NY 10024, USA
$5,400,000
$750/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
Sep 10, 2020
About this deal
AI
The multifamily property located at 203 West 80th Street in the Upper West Side has been sold for a price of $5,400,000. This property spans a total square footage of 7,200 and has a price per square foot of $750. The building has a buildable square footage of 13,829 and a price per buildable square foot of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Market: Upper West Side
- Buyer: Alchemy Ventures – Sam Kooris, ZG Property Group – Jay Greenburg
- Seller: The [...]
- Square Footage: 7,200
- Price per Square Foot: $750
- Buildable Square Footage: 13,829
- Price per Buildable Square Foot: $390
The deal was facilitated by Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin & Braedon Gait as representatives in the transaction.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93