Brian Fong Acquires Multifamily Property On Upper West Side For $4.76M
323 W 101st St, New York, NY 10025, USA
$4,760,000
$1,062/SF
Building Size
4,480 SF
Asset Type
MultiFamily
Closing
May 6, 2020
AI
The multifamily property located at 323 West 101st Street in the Upper West Side of New York City has been sold in a closed transaction. The property consists of 3 units with a total square footage of 4,480. The sale price for this transaction was $4,760,000, resulting in a price per square foot of $1,063. The average price per unit was $1,586,666.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,760,000
- Address: 323 West 101st Street
- Market: Upper West Side
The seller of this property was Aaron Chang, while the buyer was Brian Fong. The transaction was facilitated by the brokerage team consisting of Brett Weisblum, Eric Roth, Mike Nemirovsky, and Tyler Signora from Team Weisblum at Cushman & Wakefield.
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
3.33%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93