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303 West 74th Street

NU Acquires Multifamily Property From The Dietrich Family For $3.45M In Upper West Side
SOLDMultiFamily

NU Acquires Multifamily Property From The Dietrich Family For $3.45M In Upper West Side

303 West 74th Street

$3,450,000

$417/SF

Building Size

8,255 SF

Asset Type

MultiFamily

Closing

May 11, 2025

AI

The multifamily property located at 303 West 74th Street in the Upper West Side has been sold for $3,450,000. The asset comprises 10 units and has a total square footage of 8,255, which results in a price per unit of $345,000 and a price per square foot of $417.

Summary of transaction details:

Zach Ehrlich, representing NU, completed the purchase from The Dietrich Family with the assistance of brokers Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin, and Braedon Gait from JLL, showcasing a collaborative effort in this transaction.

Players

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker
NU
Neue UrbanBuyer

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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93