Updated Dec 4, 2024
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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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