Updated Oct 29, 2024
JLL Brokers Sell Multifamily Property In New York City For $7.75M
444 West 48th Street
$7,750,000
$473/SF
Building Size
16,355 SF
Asset Type
MultiFamily
Closing
Apr 25, 2023
About this deal
AI
The multifamily property located at 444 West 48th Street in New York City has been sold. The transaction was facilitated by JLL brokers Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin, and Braedon Gait.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $7,750,000
- Number of Units: 30
- Price per Unit: $258,333
- Square Footage: 16,355
- Price per Square Foot: $474
- Date: 04/25/2023
- Market: New York City
The JLL brokers, including Paul Smadbeck, Hall Oster, Teddy Galligan, Conrad Martin, and Braedon Gait, played a crucial role in the sale of the property. Their expertise and representation ensured a successful transaction for all parties involved.
Players
Market 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93