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17 W 96th St, New York, NY ...

Jonathan Rose Companies Acquires Multifamily Property In Upper West Side For $93.8M
SOLDMultiFamily

Jonathan Rose Companies Acquires Multifamily Property In Upper West Side For $93.8M

17 W 96th St, New York, NY 10025, USA

Building Size

Asset Type

MultiFamily

Closing

Apr 2, 2018

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.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
Nathan D. Taft

Nathan D. Taft

Jonathan Rose Companies

Buyer

$342.5M

vol

4 deals

Buyer
SC
Starrett CorporationSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93