Updated Dec 19, 2023
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
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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