JLL Brokers Sell Multifamily Property In Upper West Side For $6.2M
216 West 78th Street
$6,175,000
$424/SF
Building Size
14,550 SF
Asset Type
MultiFamily
Closing
Dec 27, 2023
AI
The multifamily property located at 216 West 78th Street in the Upper West Side has been sold in a recent transaction. The property consists of 25 units with a sale price of $6,175,000, resulting in an average price per unit of $247,000. The total square footage of the property is 14,550, with a price per square foot of $424.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,175,000
- Units: 25
- Price per Unit: $247,000
- Square Footage: 14,550
- Price per Square Foot: $424
- Address: 216 West 78th Street, Upper West Side
In this transaction, the sale of the multifamily property was facilitated by brokers Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin, and Braedon Gait from JLL.
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
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93