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304 West 102nd Street

JLL Brokers Sell NYC Multifamily Property For $6.075M At 304 West 102nd Street
SOLDMultiFamily

JLL Brokers Sell NYC Multifamily Property For $6.075M At 304 West 102nd Street

304 West 102nd Street

$6,075,000

$616/SF

Building Size

9,850 SF

Asset Type

MultiFamily

Closing

Feb 28, 2023

AI

The multifamily property located at 304 West 102nd Street in New York City has been sold in a recent transaction. The property consists of 15 units, with an average price per unit (PPU) of $405,000. The total square footage of the property is 9,850, resulting in a price per square foot (PPSF) of $617. The sale price for this transaction was $6,075,000.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $6,075,000
  • Units: 15
  • PPU: $405,000
  • Total Square Footage: 9,850
  • PPSF: $617

The sale of this property was facilitated by JLL, represented by brokers Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait. The lending institution involved in the transaction was Chase, with Andrew Essick serving as the lender.

Players

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

Andrew Essick

Lender

$13M

vol

3 deals

Lender
Chase Bank
Chase BankLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.61%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93