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
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