Ariel Property Advisors Brokers $5.8M Sale Of 10-unit Multifamily On Upper West Side
SOLD
$5,800,000
+ 1
New York
See Similar DealsMultiFamily9,486 SF
Sold 05/23/2022
SOLD
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
See Similar DealsMultiFamily9,486 SF
Sold 05/23/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$611
Total Square Footage:9,486 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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