Updated Sep 9, 2024
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
About this deal
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.
On the Map
$3,150,000
$748/SF
MultiFamily
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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