NYCBuildingAdvisors & Marcus Millichap Acquire Multifamily Asset On Upper West Side For $5.05M
SOLD
New York
See Similar DealsMultiFamily17,635 SF
Sold 06/29/2020
SOLD
NYCBuildingAdvisors & Marcus Millichap Acquire Multifamily Asset On Upper West Side For $5.05M
211 West 108th Street, New York, NY 10025
See Similar DealsMultiFamily17,635 SF
Sold 06/29/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:17,635 SF
Transaction Type:Sale
A multifamily property located at 211-213 West 108th Street in the Upper West Side was recently sold for $5,050,000. The property consists of 21 units and spans a total of 17,635 square feet. This translates to a price per square foot of $286 and a price per unit of $240,476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,050,000
- Square Feet: 17,635
- Price per Square Foot: $286
- Units: 21
- Price per Unit: $240,476
The sale of this multifamily property was facilitated by brokers John J. Stewart and Nicholas Biedron, representing NYC Building Advisors and Marcus & Millichap, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92
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