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
$6,250,000
$1,610/SF
Building Size
3,882 SF
Asset Type
—
Closing
Jun 7, 2020
About this deal
AI
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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Bushkanets to view all their deals.
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93