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

Property Image
SOLD
$6,075,000
Paul Smadbeck
Teddy Galligan
+ 3

New York

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MultiFamily9,850 SF
Sold 02/28/2023
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Property Image
SOLD

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

304 West 102nd Street

See Similar Deals
MultiFamily9,850 SF
Sold 02/28/2023
Paul Smadbeck
Teddy Galligan
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$616
Total Square Footage:9,850 SF
Transaction Type:Sale

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
90 deals$2.2B volume
BROKER

Paul Smadbeck
JLL
36 deals$435.4M volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Braedon Gait
JLL
37 deals$648.4M volume
BROKER

Conrad Martin
JLL
39 deals$414M volume
BROKER


Chase Bank
LENDER

Details

SOLD
IMAGE: Paul Smadbeck, Teddy Galligan, Hall Oster, Conrad Martin & Braedon Gait DATE: 02/28/2023 ADDRESS: 304 West 102nd Street MARKET: New York City ASSET TYPE: MultiFamily BROKERS: Hall Oster, Paul Smadbeck, Teddy Galligan (@T_Galligan12), Conrad Martin & Braedon Gait (@BraedonGait) - JLL (@JLL) LENDER: Andrew Essick - Chase SALE PRICE: $6,075,000 UNITS: 15 ~ PPU: $405,000 SF: 9,850 ~ PPSF: $617

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$324,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,583.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,798.60
Annual Debt Service$345,583.19