Laurence Beame Acquires Multifamily On Upper West Side For $4.3M
246 West 73rd Street
$4,305,000
$500/SF
Building Size
8,601 SF
Asset Type
MultiFamily
Closing
Jul 1, 2024
AI
The multifamily property located at 246 West 73rd Street in the Upper West Side was successfully sold for $4,305,000. This property comprises 12 units with a total area of 8,601 square feet, equating to a price per unit of $358,750 and a price per square foot of $501.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,305,000
- Units: 12
- Price per Unit: $358,750
- Square Footage: 8,601
- Price per Square Foot: $501
- Address: 246 West 73rd Street
- Market: Upper West Side
- Seller: Scott Lerman
- Buyer: Laurence Beame
- Broker: Jay Bernstein - Besen Partners
The transaction was facilitated by Jay Bernstein from Besen Partners, representing the buyer Laurence Beame and the seller Scott Lerman in the sale of this multifamily property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93