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

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SOLD
$3,750,000

New York

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MultiFamily3,800 SF
Sold 02/12/2025
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Property Image
SOLD

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

111 West 78th Street

See Similar Deals
MultiFamily3,800 SF
Sold 02/12/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$986
Total Square Footage:3,800 SF
Transaction Type:Sale

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
30 deals$3.8M volume
BROKER

Stephen (Steve) Weber
The Heller Organization
9 deals$22.5M volume
BROKER

Details

SOLD
IMAGE: Stephen Weber & William Janetschek DATE: 02/12/2025 ADDRESS: 111 West 78th Street MARKET: Upper West Side ASSET TYPE: Multifamily SELLER: The Durso Family BUYER'S REP: William Janetschek (@NYCsf1ne) - Nomad Group (@NomadGroup.IO) SELLER'S REP: Stephen Weber (@Weber_RealEstate) - The Heller Organization (@HellerOrg) SALE PRICE: $3,750,000 UNITS: 2 ~ PPU: $1,875,000 SF: 3,800 ~ PPSF: $986

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96