Updated Dec 19, 2023
Joseph C Franco Acquires Multi Family Property In Upper West Side, Manhattan For $4.45M
312 West 76th Street, New York City, New York 10023, United States
$4,450,000
$460/SF
Building Size
9,665 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
Located at 312 West 76 Street in the Upper West Side of Manhattan, this multi-family property was recently sold in a closed transaction. The property is zoned as R8B and offers a total buildable square footage (BSF) of 10,216. With a price of $4,450,000, the price per buildable square footage (PPBSF) stands at $436. The total square footage (SF) of the property is 9,665, making the price per square footage (PPSF) $460. The property has a floor area ratio (FAR) of 3.78 and is classified under tax class 2B.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $4,450,000
- Address: 312 West 76 Street, Upper West Side, Manhattan
- Market: Upper West Side, Manhattan
- Zoning: R8B
The buyer of the property is Joseph C Franco, while the seller is Nicholas Osso. The lot size is 2,554, and the last sale of the property took place on December 31, 2003, at a price of $0. The lot dimension is 25 ft x 102.17 ft.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93