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Friedland Properties & ZKZ 214 LLC Sell Development Site At 214 West 80th Street For $10.5M

Property Image
SOLD
$10,500,000
Andreas Efthymiou
Stephen R. Preuss Sr.
+ 2

New York

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Development Site
Sold 02/04/2025
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Property Image
SOLD

Friedland Properties & ZKZ 214 LLC Sell Development Site At 214 West 80th Street For $10.5M

214 West 80th Street

See Similar Deals
Development Site
Sold 02/04/2025
Andreas Efthymiou
Stephen R. Preuss Sr.
+ 2
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The asset involved in the transaction is a development site located at 214 West 80th Street in the Upper West Side. The sale price for this property is $10,500,000, with a building square footage of 19,680 and a price per building square foot of $533.

Summary of transaction details:

The selling party comprises Friedland Properties and ZKZ 214 LLC, who successfully engaged the services of several brokers from Ripco in this transaction. The involved brokers include Gene Spiegelman, Stephen R. Preuss Sr., Doug Kleiman, Andreas Efthymiou, and Charles Schirrmeister, all contributing their expertise to facilitate this deal.

Players

Andreas Efthymiou
128 deals$1.1B volume
BROKER

Stephen R. Preuss Sr.
Ripco
258 deals$2B volume(718) 663-2639
BROKER

Gene Spiegelman
Ripco
11 deals$30.3M volume
BROKER

Charles Schirrmeister
Ripco
7 deals$49.8M volume(718) 663-2654
BROKER

Doug Kleiman
Ripco
3 deals$15.8M volume(646) 827-9980
BROKER

Details

SOLD
IMAGE: Gene Spiegelman, Stephen R. Preuss Sr., Doug Kleiman, Andreas Efthymiou & Charles Schirrmeister DATE: 02/04/2025 ADDRESS: 214 West 80th Street MARKET: Upper West Side ASSET TYPE: Development Site SELLER: Friedland Properties & ZKZ 214 LLC BROKERS: Gene Spiegelman, Stephen R. Preuss Sr. (@RipcoInvestmentSales), Doug Kleiman, Andreas Efthymiou (@Andreas.E_Investment_Sales) & Charles Schirrmeister - Ripco (@RipcoRealEstate) SALE PRICE: $10,500,000 BSF: 19,680 ~ PPBSF: $533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28