Hertzl Moezinia Acquires Rooming House In Upper West Side For $3.5M
8 West 87th Street, New York City, New York 10024, United States
$3,525,000
$522/SF
Building Size
6,744 SF
Asset Type
Hotel
Closing
Oct 11, 2021
About this deal
AI
A rooming house located at 8 West 87 Street in Upper West Side has been sold in a recent transaction. The property, with an address of 8 West 87 Street, is situated in a market known as Upper West Side. This rooming house falls under the zoning classification of R10A. The transaction took place on October 12, 2021.
Summary of Transaction Details:
- Property Type: Rooming House
- Transaction Amount: $3,525,000
- Market: Upper West Side
The buyer of the rooming house at 8 West 87 Street is Hertzl Moezinia, while the seller is James Robert Siegel. The sale price of this property was $3,525,000, with a price per square foot (PPSF) of $522. The total square footage (SF) of the property is 6,744. Additionally, the property has a building square footage (BSF) of 20,130, resulting in a price per building square foot (PPBSF) of $175.
The rooming house has a floor-area ratio (FAR) of 3.35 and falls under tax class 2B. It is situated on a lot with a size of 2,013 square feet and dimensions of 20 feet by 100.67 feet.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93