SOLDMultiFamily
Alchemy Ventures Acquires Multifamily Property On Upper West Side For $11.25M
310 East 80th Street
$11,250,000
$495/SF
Building Size
22,728 SF
Asset Type
MultiFamily
Closing
Feb 14, 2024
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,250,000
- Address: 310 West 80th Street
- Market: Upper West Side
- Units: 36
- Price Per Unit: $312,500
- Square Footage: 22,728
- Price Per Square Foot: $495
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93