Cushman & Wakefield Brokers Sell 5-Unit Multifamily Property On Upper West Side For $3.15M
SOLD
$3,150,000
+ 2
New York
See Similar DealsMultiFamily4,208 SF
Sold 04/21/2023
SOLD
Cushman & Wakefield Brokers Sell 5-Unit Multifamily Property On Upper West Side For $3.15M
254 West 88th Street
See Similar DealsMultiFamily4,208 SF
Sold 04/21/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$748
Total Square Footage:4,208 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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