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49 West 71st Street

Frank Augart Sells Upper West Side Multifamily Property For $2.5M With Jay Bernstein - Besen Partners
SOLDMultiFamily

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

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.

Players

Jay Bernstein

Besen Partners

Broker

$70M

vol

12 deals

Broker

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