Aperture Foundation Acquires Retail Condo On Upper West Side For $8.95M
SOLD
$8,950,000
New York
See Similar Deals10,817 SF
Sold 09/15/2022
SOLD
Aperture Foundation Acquires Retail Condo On Upper West Side For $8.95M
101 West 78th Street, New York City, New York 10024, United States
See Similar Deals10,817 SF
Sold 09/15/2022
Summary
NEW YORK
Price Per Square Foot:$827
Total Square Footage:10,817 SF
Transaction Type:Sale
The retail condo located at 101 West 78th Street in the Upper West Side of New York City has been sold for a price of $8,950,000. The property spans a total area of 10,817 square feet, resulting in a price per square foot of $827. The transaction took place on September 15, 2022.
Summary of transaction details
- Property Type: Retail condo
- Transaction Amount: $8,950,000
- Address: 101 West 78th Street
- Market: Upper West Side
- Buyer: Aperture Foundation - Sarah Meister
- Seller: GTIS Partners - Robert Vahradian
- Square Footage: 10,817
- Price per Square Foot: $827
The buyer of the retail condo is the Aperture Foundation, represented by Sarah Meister. On the other hand, the seller of the property is GTIS Partners, with Robert Vahradian as their representative in the deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$477,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79
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