Updated Dec 21, 2023
Deirdre Miller Acquires Multifamily Property On Upper West Side For $13.05M
310 West 88th Street, Manhattan, New York, NY, USA
$13,050,000
$2,175/SF
Building Size
5,999 SF
Asset Type
MultiFamily
Closing
Aug 4, 2021
About this deal
AI
The multifamily property located at 310 West 88 Street in the Upper West Side has been sold for a price of $13,050,000. The property has a building square footage (BSF) of 12,118, with a price per BSF (PPBSF) of $1,706. The total square footage (SF) of the property is 5,999, and the price per square foot (PPSF) is $2,175. The property is zoned as R8 and falls under tax class 2B. The lot size is 2,013 square feet, with lot dimensions of 20 ft x 100.67 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,050,000
- Address: 310 West 88 Street, Upper West Side
- Buyer: Deirdre Miller
- Seller: Gavin Fries
- Broker: Kate Meier & Brian Meier - Christie's International Real Estate
- Last Sale Price: $6,800,000 (7/7/2014)
- Permits: Alteration type 3 (05/31/2016)
Kate Meier and Brian Meier from Christie's International Real Estate represented both the buyer, Deirdre Miller, and the seller, Gavin Fries, in this transaction. The property was previously sold on July 7, 2014, for a price of $6,800,000. An alteration permit of type 3 was issued on May 31, 2016.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93