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344 West 84th Street, New Y...

Matthew Jian Chua Acquires Multifamily Property On West 84th Street For $4.5M
SOLDMultiFamily

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

Alexander Levy

Seller

$18.4M

vol

4 deals

Seller

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