Matthew Jian Chua Acquires Multifamily Property On West 84th Street For $4.5M
344 West 84th Street, New York City, New York 10024, United States
$4,495,000
$1,042/SF
Building Size
4,314 SF
Asset Type
MultiFamily
Closing
Sep 6, 2022
AI
The property involved in this transaction is a multifamily building located at 344 West 84th Street in the Upper West Side of Manhattan. It has a total square footage of 4,314 and a price of $4,495,000. The building has a buildable square footage (BSF) of 8,140, with a price per buildable square foot (PPBSF) of $552. The price per square foot (PPSF) is $1,041. The lot size is 2,035 with dimensions of 19.92 ft x 102.17 ft. The property has a floor area ratio (FAR) of 2.13 and is classified as tax class 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,495,000
- Market: Upper West Side, Manhattan
- Zoning: R8B
- Buyer: Matthew Jian Chua
- Seller: Alexander C. Levy
- BSF: 8,140
- PPBSF: $552
- SF: 4,314
- PPSF: $1,041
- FAR: 2.13
- Tax Class: 1
- Lot Size: 2,035
- Lot Dimension: 19.92 ft x 102.17 ft
The buyer in this transaction is Matthew Jian Chua, while the seller is Alexander C. Levy. No additional information is available about the deal's key individuals and companies.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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