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:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Units: 10
- Square Footage: 8,255
- Price Per Unit: $345,000
- Price Per Square Foot: $417
- Buyer: Zach Ehrlich - NU
- Seller: The Dietrich Family
- Broker Representatives: Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin & Braedon Gait - JLL
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
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