Updated Sep 6, 2024
Compass Acquires SRO On Upper West Side For $11M With JLL Representing Seller
258 West 97th Street, New York City, New York 10025, United States
$11,000,000
$417/SF
Building Size
26,334 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
The SRO property located at 258 West 97th Street in the Upper West Side of New York has been sold for a total price of $11,000,000. The property spans across 26,334 square feet, with an average price per square foot of $417. This transaction took place on January 31, 2022.
Summary of transation details
- Property Type: SRO
- Transaction Amount: $11,000,000
- Address: 258 West 97th Street
- Market: Upper West Side
The seller of the property was Hank Fried. The buyer was represented by Nathan Horne from Compass. Robert Knakal, Johnathan Hageman, Hall Oster, Teddy Galligan, Conrad Martin, and Braedon Gait from JLL acted as the seller's representatives in the deal. The sale involved a total of 94 keys with an average price per key of $117,021.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93