Updated Sep 9, 2024
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Hall Oster to view all their deals.
Browse New York multifamily sales on Traded.
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