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214 West 80th Street

Yevgeniy Lvovskiy Purchases Development Site At 214 West 80th Street For $10.5 Million
SOLDDevelopment Site

Yevgeniy Lvovskiy Purchases Development Site At 214 West 80th Street For $10.5 Million

214 West 80th Street

$10,500,000

Building Size

Asset Type

Development Site

Closing

Feb 4, 2025

AI

The development site located at 214 West 80th Street in the Upper West Side has been sold for a transaction amount of $10,500,000. The property encompasses a building square footage (BSF) of 20,000, resulting in a price per building square foot (PPBSF) of $525.

Summary of transaction details:

Yevgeniy Lvovskiy has acquired the property with representation from Yevgeniy Kandkhorov of 1 Meridian Realty, while William Friedland was represented by Andreas Efthymiou of Ripco in this transaction.

Players

Andreas Efthymiou

Ripco

Broker

$1.1B

vol

128 deals

Broker

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93