Laurence Beame Acquires Multifamily On Upper West Side For $4.3M
SOLD
$4,305,000
New York
See Similar DealsMultiFamily8,601 SF
Sold 07/01/2024
SOLD
Laurence Beame Acquires Multifamily On Upper West Side For $4.3M
246 West 73rd Street
See Similar DealsMultiFamily8,601 SF
Sold 07/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:8,601 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,294.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,407.90
Annual Debt Service$244,894.76
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