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312 West 76th Street, New Y...

Updated Dec 19, 2023

Joseph C Franco Acquires Multi Family Property In Upper West Side, Manhattan For $4.45M
SOLDMultiFamily

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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Deal FAQ

About $460 per square foot on a published $4.5M for 9,665 square feet (2021).

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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

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