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258 West 71st Street

Updated Dec 4, 2024

Haresh Sajnani Acquires Multifamily Building On West 71st Street, Lincoln Square For $5.7M
SOLDMultiFamily

Haresh Sajnani Acquires Multifamily Building On West 71st Street, Lincoln Square For $5.7M

258 West 71st Street

$5,700,000

$1,542/SF

Building Size

3,696 SF

Asset Type

MultiFamily

Closing

Sep 7, 2023

About this deal

AI

An eight-unit residential walkup building located at 258 West 71st Street in Lincoln Square, Manhattan was recently sold for $5.7 million. The property is situated in a desirable location within the Lincoln Square market. With a building square footage (BSF) of 6,696, the price per BSF (PPBSF) is approximately $851. The building comprises a total area of 3,696 square feet, resulting in a price per square foot (PPSF) of around $1,542.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,700,000
  • Address: 258 West 71st Street
  • Market: Lincoln Square, Manhattan

Haresh Sajnani, through Little Park, LLC, acted as the buyer in this transaction. The seller of the property is Shauna Fitzgibbons and Gary Alan Culliss.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $5.7M for 3,696 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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