Updated Sep 9, 2024
JLL Brokers $6.6M Sale Of 10-Unit Multifamily At 3 West 75th Street In New York City
3 W 75th St New York, NY 10023, USA
$6,600,000
$954/SF
Building Size
6,914 SF
Asset Type
MultiFamily
Closing
May 5, 2023
About this deal
AI
A multifamily property located at 3 West 75th Street in New York City has been sold for $6,600,000. The property consists of 10 units, resulting in a price per unit of $660,000. With a total area of 6,914 square feet, the price per square foot is calculated to be $955.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Units: 10
- Price per Unit: $660,000
- Total Square Feet: 6,914
- Price per Square Foot: $955
The sale of the property was facilitated by Paul Smadbeck, Hall Oster, Conrad Martin, Teddy Galligan, and Braedon Gait from JLL.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93