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
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.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93