Updated Oct 28, 2024
MacArthur Holdings Acquires 8-Unit Multifamily On Upper West Side For $4.3M
471 West End Avenue, New York City, New York 10024, United States
$4,300,000
$651/SF
Building Size
6,605 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
The multifamily property located at 471 West End Avenue in the Upper West Side has been sold. The property consists of 8 units spread across 6,605 square feet. The sale price for this transaction was $4,300,000, resulting in a price per unit of $537,500 and a price per square foot of $651.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 8
- Price per Unit: $537,500
- Square Feet: 6,605
- Price per Square Foot: $651
MacArthur Holdings, represented by The Katz Family, acted as the buyer in this transaction. The seller was Rod Hickey and Nancy Hickey.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93