Updated Dec 21, 2023
JLL Brokers $5.2M Sale Of Multifamily Property On Upper West Side
317 West 74th Street, New York City, New York 10023, United States
$5,200,000
$675/SF
Building Size
7,694 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
The multifamily property located at 317 West 74th Street in the Upper West Side has been sold for $5,200,000. The transaction took place on 12/02/2021. The property consists of 19 units, resulting in a price-per-unit of $273,684. It spans across 7,694 square feet, with a price-per-square-foot of $675.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Address: 317 West 74th Street
- Market: Upper West Side
The sale was facilitated by JLL, with the seller represented by Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait from JLL. They acted on behalf of The Ritz Family. This transaction serves as a testament to the attractiveness of the Upper West Side market for multifamily properties.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93