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216 West 78th Street

JLL Brokers Sell Multifamily Property In Upper West Side For $6.2M
SOLDMultiFamily

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

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

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