NYCBuildingAdvisors & Marcus Millichap Acquire Multifamily Asset On Upper West Side For $5.05M
211 West 108th Street, New York, NY 10025
$5,050,000
$286/SF
Building Size
17,635 SF
Asset Type
MultiFamily
Closing
Jun 29, 2020
AI
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93