Updated Dec 19, 2023
Ariel Property Advisors Brokers $5.8M Sale Of 10-unit Multifamily On Upper West Side
246 West 108th Street, New York City, New York 10025, United States
$5,800,000
$611/SF
Building Size
9,486 SF
Asset Type
MultiFamily
Closing
May 22, 2022
About this deal
AI
A multifamily property located at 246 West 108th Street in the Upper West Side of New York City has been sold for a total price of $5,800,000. The property consists of 10 units with a price per unit of $580,000. It spans across 9,486 square feet, resulting in a price per square foot of $611.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 10
- Price per Unit: $580,000
- Square Feet: 9,486
- Price per Square Foot: $611
- Address: 246 West 108th Street
- Market: Upper West Side
The sale of this property was facilitated by Victor Sozio, Shimon Shkury, Mark Anderson, and Howard Raber of Ariel Property Advisors.
On the Map
$5,800,000
$611/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93