Sales | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Sales
  • Event Sales
  • Address 215 West 108th Street
  • Square feet 31,425
  • Price $ 16,500,000
  • Price per foot $ 525.06
  • Borough Manhattan
  • Neighborhood Upper West Side
  • Publication Date 12/01/2007
notes
The five- and six-story multifamily residential buildings sold for $16.5 million, or $525 per square foot. The price represents a capitalization rate of 5.7 percent and a gross rent multiple of 14.5. The units are primarily renovated two- and three-bedroom apartments; 31 units are free market. The properties have an additional 23,000 square feet of air rights. Includes 210 West 109th Street.