facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

323 W 101st St, New York, N...

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

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

Mike Nemirovsky

Cushman & Wakefield

Broker

$9.1M

vol

2 deals

Broker

Aaron Chang

Seller

$21.5M

vol

3 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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