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323 West 89th Street

Updated Sep 9, 2024

JLL Brokers Sell 10-unit MultiFamily Building In New York City For $6.1M
SOLDMultiFamily

JLL Brokers Sell 10-unit MultiFamily Building In New York City For $6.1M

323 West 89th Street

$6,075,000

$853/SF

Building Size

7,120 SF

Asset Type

MultiFamily

Closing

Mar 13, 2023

About this deal

AI

The multi-family property located at 323 West 89th Street in New York City has been sold. The transaction was facilitated by brokers Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait of JLL. The sale price for this property was $6,075,000. The property consists of 10 units, with a price per unit of $607,500. The total square footage of the property is 7,120, with a price per square foot of $853.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,075,000
  • Units: 10
  • Price per Unit: $607,500
  • Square Footage: 7,120
  • Price per Square Foot: $853

Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin, and Braedon Gait from JLL played key roles as brokers in this transaction. Their expertise and negotiation skills contributed to the successful sale of the property.

Players

Hall Oster

JLL

Broker

$2.2B

vol

90 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $853 per square foot on a published $6.1M for 7,120 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.61%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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