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111 West 78th Street

The Durso Family Sells Upper West Side Multifamily For $3.75M With Stephen Weber And William Janetschek
SOLDMultiFamily

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:

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

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93