Updated Dec 19, 2023
JLL Brokers $5.27M Sale Of 11-Unit Multifamily Building On Upper West Side
257 West 91st Street, New York City, New York 10024, United States
$5,275,000
$879/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 257 West 91st Street in the Upper West Side has been sold. The transaction took place on December 15, 2021, with a sale price of $5,275,000. The property consists of 11 units with a price per unit (PPU) of $479,545. The total square footage of the property is 6,000, resulting in a price per square foot (PPSF) of $879.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,275,000
- Units: 11
- Price per Unit (PPU): $479,545
- Square Footage: 6,000
- Price per Square Foot (PPSF): $879
The sale was facilitated by the seller's representatives from JLL, namely Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait. They successfully closed the transaction, ensuring a smooth transfer of ownership for the multifamily property.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.01%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93