Updated Oct 29, 2024
Jonathan Rose Companies Acquires Multifamily Property In Upper West Side For $93.8M
17 W 96th St, New York, NY 10025, USA
Units
420
Asset Type
MultiFamily
Closing
Apr 2, 2018
About this deal
AI
The multifamily property located at 65 West 96th Street in the Upper West Side has been sold for $93,830,000. Spanning a total square footage of 314,041, the property consists of 217 units with an average price per unit of $430,000. The sale price per square foot stands at $298. The buyer of the property is Jonathan Rose Companies, represented by Nathan Taft and Jonathan Rose, while the seller is the Starrett Corporation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $93,830,000
- Address: 65 West 96th Street
- Market: Upper West Side
- Square Footage: 314,041
- Units: 217
- Price per Unit: $430,000
- Price per Square Foot: $298
The deal was facilitated by Nathan Taft and Jonathan Rose of Jonathan Rose Companies. The Starrett Corporation acted as the seller in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93