Michael Lubin & Michael Bushkanets Acquire Upper West Side Resi. Condo At 269 W. 87th St. For $6.25M
SOLD
$6,250,000
New York
See Similar Deals3,882 SF
Sold 06/07/2020
SOLD
Michael Lubin & Michael Bushkanets Acquire Upper West Side Resi. Condo At 269 W. 87th St. For $6.25M
269 West 87th Street, New York City, New York 10024, United States
See Similar Deals3,882 SF
Sold 06/07/2020
Summary
NEW YORK
Price Per Square Foot:$1,610
Total Square Footage:3,882 SF
Transaction Type:Sale
Located in the desirable Upper West Side market, this residential condominium at 269 W. 87th St. has recently been sold. Developed by Simon Baron Development, the property offers a spacious total area of 3,882 square feet. The transaction, which took place on 06/07/2021, involved an asking price of $6,600,000. The ultimate sale price was negotiated at $6,250,000, resulting in a price per square foot of $1,609.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $6,250,000
- Address: 269 W. 87th St.
- Market: Upper West Side
The successful sale was facilitated by Michael Bushkanets of Douglas Elliman and Michael Lubin of Brown Harris Stevens, who represented the respective parties involved in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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