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330 West 88th Street, New Y...

Updated Dec 19, 2023

Exodus Capital Closes $4.5M Multifamily Sale On Upper West Side
SOLDMultiFamily

Exodus Capital Closes $4.5M Multifamily Sale On Upper West Side

330 West 88th Street, New York City, New York 10024, United States

$4,500,000

$933/SF

Building Size

4,822 SF

Asset Type

MultiFamily

Closing

Jun 26, 2022

About this deal

AI

The multifamily property located at 330 W. 88th St. in the Upper West Side has been sold at a price of $4,500,000. The property spans across 4,822 square feet, resulting in a price per square foot of $933.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Date: 06/27/2022
  • Address: 330 W. 88th St.
  • Market: Upper West Side
  • Seller: Charles Gedinsky
  • Brokers: Haley Hasho & Justin Conway - Exodus Capital

The deal was facilitated by brokers Haley Hasho and Justin Conway from Exodus Capital. They successfully closed the transaction in less than 30 days, making it their first deal since joining Exodus Capital. It was an all-cash transaction, emphasizing the efficiency and speed of the process.

For more multifamily and mixed-use opportunities across the boroughs, interested parties can reach out to Haley Hasho at [email protected] and Justin Conway at [email protected].

Players

Haley Hasho

Exodus Capital

Broker

$381M

vol

48 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $933 per square foot on a published $4.5M for 4,822 square feet (2022).

Visit Justin Conway to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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