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254 West 88th Street

Cushman & Wakefield Brokers Sell 5-Unit Multifamily Property On Upper West Side For $3.15M
SOLDMultiFamily

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

Eric Roth

Newmark

Broker

$1.5B

vol

62 deals

Broker

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