JLL Brokers $6.6M Sale Of 10-Unit Multifamily At 3 West 75th Street In New York City
SOLD
$6,600,000
+ 2
New York
See Similar DealsMultiFamily6,914 SF
Sold 05/05/2023
SOLD
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
See Similar DealsMultiFamily6,914 SF
Sold 05/05/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$954
Total Square Footage:6,914 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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