Friedland Properties & ZKZ 214 LLC Sell Development Site At 214 West 80th Street For $10.5M
214 West 80th Street
$10,500,000
Building Size
—
Asset Type
Development Site
Closing
Feb 4, 2025
AI
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:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Address: 214 West 80th Street
- Market: Upper West Side
- BSF: 19,680
- PPBSF: $533
- Seller: Friedland Properties & ZKZ 214 LLC
- Broker: Gene Spiegelman, Stephen R. Preuss Sr., Doug Kleiman, Andreas Efthymiou & Charles Schirrmeister - Ripco
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
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