RCA founder Robert M. White Jr. pays $19M for UWS rental property

Robert M. White Jr., founder of Real Capital Analytics, through the entity RMW Selkirk LLC paid Selkirk 308 West 82nd Street LLC $18.7 million for 308 West 82nd Street in the Upper West Side. The deal closed on November 6, 2019, and was recorded on November 13, 2019. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 49 residential units. The property is 29,100 square feet.
The sale price per unit is $380,612.
The estimated cap rate is 2.1%
The last time the property sold was December 11, 2013, for $17,100,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $341,678.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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