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Brian Fong Acquires Multifamily Property On Upper West Side For $4.76M

Property Image
SOLD
$4,760,000
Mike Nemirovsky
Eric Roth
+ 2

New York

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MultiFamily4,480 SF
Sold 05/07/2020
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Property Image
SOLD

Brian Fong Acquires Multifamily Property On Upper West Side For $4.76M

323 W 101st St, New York, NY 10025, USA

See Similar Deals
MultiFamily4,480 SF
Sold 05/07/2020
Mike Nemirovsky
Eric Roth
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,062
Total Square Footage:4,480 SF
Transaction Type:Sale

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

Mike Nemirovsky
2 deals$9.1M volume(888) 273-0423
BROKER

Brett Weisblum
Cushman & Wakefield
16 deals$142.5M volume
BROKER

Eric Roth
Newmark
61 deals$1.5B volume(212) 655-0625
BROKER

Tyler Signora
Newmark
37 deals$852.2M volume(212) 372-0759
BROKER

Tyler Signora
Newmark
37 deals$852.2M volume(212) 372-0759
BROKER

Details

SOLD
IMAGE: Brett Weisblum, @EricMRoth, Mike Nemirovsky, Tyler Signora DATE: 05/07/2020 ADDRESS: 323 West 101st Street MARKET: Upper West Side ASSET TYPE: Multifamily SELLER: Aaron Chang BUYER: Brian Fong BROKERS: Brett Weisblum, Eric Roth, Mike Nemirovsky, Tyler Signora – @Team_Weisblum @CushWake SALE PRICE: $4,760,000 SF: 4,480 PPSF: $1,063 UNITS: 3 PPU: $1,586,666

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,911.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,564.83
Annual Debt Service$270,777.94