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:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Address: 214 West 80th Street
- Market: Upper West Side
- Building Square Footage: 20,000
- Price Per Building Square Foot: $525
- Buyer: Yevgeniy Lvovskiy
- Seller: William Friedland
- Buyer’s Representative: Yevgeniy Kandkhorov - 1 Meridian Realty
- Seller’s Representative: Andreas Efthymiou - Ripco
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
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