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310 West 88th Street, Manha...

Updated Dec 21, 2023

Deirdre Miller Acquires Multifamily Property On Upper West Side For $13.05M
SOLDMultiFamily

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

Kate Meier

Broker

$13.1M

vol

1 deal

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2.2K per square foot on a published $13.1M for 5,999 square feet (2021).

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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

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