The Durso Family Sells Upper West Side Multifamily For $3.75M With Stephen Weber And William Janetschek
111 West 78th Street
$3,750,000
$986/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Feb 12, 2025
AI
The property asset involved in this transaction is located at 111 West 78th Street in the Upper West Side market. It is categorized as a multifamily asset, featuring a total of 3,800 square feet. The sale was finalized for a price of $3,750,000, resulting in a price per unit of $1,875,000 and a price per square foot of $986.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Units: 2
- Square Footage: 3,800
- Price Per Unit: $1,875,000
- Price Per Square Foot: $986
- Seller: The Durso Family
- Buyer's Representative: William Janetschek - Nomad Group
- Seller's Representative: Stephen Weber - The Heller Organization
The deal featured key individuals from the brokerage sector, with William Janetschek representing the buyer, while Stephen Weber represented the seller, The Durso Family. Both representatives played crucial roles in facilitating the transaction within the multifamily market in New York City.
Players
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93