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JLL Brokers $10.2M Sale Of Multifamily Asset In Washington Heights

Property Image
SOLD
$10,200,000
Hall Oster
Paul Smadbeck
+ 3

New York

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MultiFamily80,678 SF
Sold 11/08/2023
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Property Image
SOLD

JLL Brokers $10.2M Sale Of Multifamily Asset In Washington Heights

788 Riverside Drive

See Similar Deals
MultiFamily80,678 SF
Sold 11/08/2023
Hall Oster
Paul Smadbeck
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$126
Total Square Footage:80,678 SF
Transaction Type:Sale

A multifamily property located at 788 Riverside Drive in Washington Heights has been sold for a total price of $10,200,000. The property consists of 62 units, with a price per unit of $164,516. The total square footage of the property is 80,678, with a price per square foot of $126.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,200,000
  • Address: 788 Riverside Drive, Washington Heights
  • Market: Washington Heights
  • Units: 62
  • Price per Unit: $164,516
  • Total Square Footage: 80,678
  • Price per Square Foot: $126

The sale of the property was facilitated by JLL, represented by brokers Paul Smadbeck, Hall Oster, Conrad Martin, Braedon Gait, Teddy Galligan, and Clint Olsen.

Players

Clint Olsen
22 deals$702.9M volume
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Paul Smadbeck
JLL
36 deals$435.4M volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Braedon Gait
JLL
37 deals$648.4M volume
BROKER

Conrad Martin
JLL
39 deals$414M volume
BROKER

Details

SOLD
IMAGE: Conrad Martin, Teddy Galligan, Paul Smadbeck, Braedon Gait & Hall Oster DATE: 11/08/2023 ADDRESS: 788 Riverside Drive MARKET: Washington Heights ASSET TYPE: Multifamily BROKERS: Paul Smadbeck, Hall Oster, Conrad Martin, Braedon Gait (@BraedonGait), Teddy Galligan (@T_Galligan12) & Clint Olsen - JLL (@JLL) SALE PRICE: $10,200,000 UNITS: 62 ~ PPU: $164,516 SF: 80,678 ~ PPSF: $126

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
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