Cushman & Wakefield Brokers Sell 5-Unit Multifamily Property On Upper West Side For $3.15M
254 West 88th Street
$3,150,000
$748/SF
Building Size
4,208 SF
Asset Type
MultiFamily
Closing
Apr 21, 2023
AI
The multifamily property located at 254 West 88th Street in the Upper West Side has been sold in a recent transaction. The property consists of 5 units, with a total of 4,208 square feet. The sale price for this property was $3,150,000, resulting in a price per unit of $630,000. The price per square foot is $749.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Address: 254 West 88th Street
- Market: Upper West Side
- Units: 5
- Price per Unit: $630,000
- Square footage: 4,208
- Price per Square Foot: $749
The sale of this property was facilitated by the brokers Tyler Signora, Eric Roth, Harry James, and Christine Felling from Cushman & Wakefield.
Players
Market 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93