Updated Sep 9, 2024
Frank Augart Sells Upper West Side Multifamily Property For $2.5M With Jay Bernstein - Besen Partners
49 West 71st Street
$2,500,000
$477/SF
Building Size
5,235 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
About this deal
AI
The multifamily property located at 49 W 71st Street in the Upper West Side has been sold in a recent transaction. The property consists of 10 units with a total square footage of 5,235. The sale price for this transaction was $2,500,000, resulting in a price per unit of $250,000. The price per square foot was calculated to be $478.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 10
- Price per Unit: $250,000
- Square Footage: 5,235
- Price per Square Foot: $478
- Market: Upper West Side
The seller of the property was Frank Augart. The transaction was facilitated by Jay Bernstein from Besen Partners.
On the Map
$2,500,000
$477/SF
MultiFamily
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93