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314 W 102nd St, New York, N...

Joe Annunziata Acquires 4-Unit Multifamily Property On Upper West Side For $2.9M
SOLDMultiFamily

Joe Annunziata Acquires 4-Unit Multifamily Property On Upper West Side For $2.9M

314 W 102nd St, New York, NY 10025, USA

$2,900,000

$707/SF

Building Size

4,097 SF

Asset Type

MultiFamily

Closing

Apr 9, 2020

AI

A multifamily property located at 314 West 102nd Street in the Upper West Side neighborhood has been sold in a closed transaction. The property consists of a total of 4,097 square feet and is classified as a multifamily asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Address: 314 West 102nd Street
  • Market: Upper West Side

The buyer, Joe Annunziata, acquired the property from the seller, Barbara Fuller. The transaction was facilitated by the brokers John J. Stewart and Nicholas Biedron of @NYCBuildingAdvisors. The sale price for the property was $2,900,000, with a price per square foot of $708. The property consists of 4 units, resulting in a price per unit of $725,000.

Players

Nicholas Biedron

Binswanger

Broker

$57.2M

vol

11 deals

Broker

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93