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314 West 102nd Street

David Spiller Acquires Multifamily Property At 314 West 102nd Street For $3.775M
SOLDMultiFamily

David Spiller Acquires Multifamily Property At 314 West 102nd Street For $3.775M

314 West 102nd Street

$3,775,000

$920/SF

Building Size

4,100 SF

Asset Type

MultiFamily

Closing

Feb 14, 2025

AI

This multifamily property is located at 314 West 102nd Street in the Upper West Side neighborhood of Manhattan. The sale price for the asset was $3,775,000, which includes 4 units across a total of 4,100 square feet, translating to an average price per unit of $943,750 and a price per square foot of $920.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,775,000
  • Units: 4
  • Square Feet: 4,100
  • Price Per Unit: $943,750
  • Price Per Square Foot: $920
  • Buyer: David Spiller
  • Seller: Joseph Annunziata
  • Buyer's Representative: Darnell Cruickshank - Oxford Property Group
  • Seller's Representative: Ariel Ben Ezra - Wingate Advisors
  • Sale Date: 02/14/2025

The deal involved David Spiller as the buyer and Joseph Annunziata as the seller, with each party represented by their respective brokers. Darnell Cruickshank represented the buyer and is associated with Oxford Property Group, while Ariel Ben Ezra represented the seller and is linked to Wingate Advisors.

Players

Ariel Ben Ezra

Wingate Advisors

Broker

$93.6M

vol

8 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

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93