SOLD
Sapphire Acquisitions Acquires 126-Unit SRO On Upper West Side For $6.7M
342 West 71st Street
MultiFamily
34,312 SF
34,312 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
34,312 sqft
The sale of a multifamily property located at 342 W. 71st St. in the Upper West Side has been completed. The property, a 34,312 square-foot elevatored building with 52' of frontage, was sold for a total price of $6,700,000. The transaction involved Sapphire Acquisitions, represented by Duc Hoang, as the buyer, and Riverside Studios, represented by Tomohiko Shimura, as the seller. The deal was brokered by Michael Ferrara and Alan Stenson from Brax Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 342 W. 71st St.
- Market: Upper West Side
Michael Ferrara and Alan Stenson of Brax Realty successfully brokered this sale, representing both the buyer and the seller. The property consists of 126 units and is classified as a single room occupancy (SRO) building. The sale price per square foot was $195, with each unit selling for an average of $53,174. For more information, visit the Brax Realty website.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Michael Ferrara, Duc Hoang & Alan Stenson
DATE: 09/16/2022
ADDRESS: 342 W. 71st St.
MARKET: Upper West Side
ASSET TYPE: Multifamily
BUYER: Sapphire Acquisitions - Duc Hoang
SELLER: Riverside Studios - Tomohiko Shimura
BROKERS: Michael Ferrara & Alan Stenson (@Alan__Stenson) - Brax Realty (@BraxRealtyNYC)
SALE PRICE: $6,700,000
SF: 34,312 ~ PPSF: $195
UNITS: 126 ~ PPU: $53,174
NOTE FROM BROKER: Michael Ferrara & Alan Stenson of Brax Realty brokered this 126 Unit SRO located at 342 West 71st Street between Riverside Blvd & West End Avenue. The property was a 34,312 SF elevatored building with 52' of frontage. www.BraxRealty.comView on map
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Address342 West 71st Street
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