Updated Oct 28, 2024
Eugene Asset Management Acquires Multifamily Property On Upper West Side For $266M
255 West 94th Street, New York City, New York 10025, United States
$266,000,000
$936/SF
Building Size
284,000 SF
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
Eugene Asset Management has acquired a multifamily property located at 255 West 94th Street on the Upper West Side. The transaction was facilitated by brokers Adam Spies, Doug Harmon, and Marcella Fasulo from Cushman & Wakefield. The property consists of 285 units, with a sale price of $266,000,000, resulting in a per unit price of $933,333. The total square footage of the property is 307,500, leading to a price per square foot of $865.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $266,000,000
- Address: 255 West 94th Street, Upper West Side
- Market: Upper West Side
The acquisition was completed by Eugene Asset Management, with the assistance of brokers Adam Spies, Doug Harmon, and Marcella Fasulo from Cushman & Wakefield. The property offers 285 units and spans over a total of 307,500 square feet, making it an attractive investment opportunity within the Upper West Side market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcella Fasulo to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93