Robert Malta Acquires Mixed-Use Property On Upper West Side For $5.4M
104 West 73rd Street, New York City, New York 10023, United States
$5,400,000
$1,033/SF
Building Size
5,225 SF
Asset Type
Mixed-use
Closing
Nov 21, 2021
About this deal
AI
A mixed-use property located at 104 West 73 Street in the Upper West Side of Manhattan has been sold in a recent transaction. The property is zoned as C1-8A and offers a variety of potential uses. The sale took place on November 22, 2021, and the property was purchased by Robert Malta from Todd Schwartz.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Address: 104 West 73 Street
- Market: Upper West Side, Manhattan
- Zoning: C1-8A
- Buyer: Robert Malta
- Seller: Todd Schwartz
The property has a building square footage (BSF) of 14,596, resulting in a price per BSF (PPBSF) of $370. The total square footage (SF) of the property is 5,225, with a price per SF (PPSF) of $1,033.49. The floor area ratio (FAR) is 2.69, and the property falls under tax class 2A.
The lot size is 1,941, with dimensions of 19 ft x 102.17 ft. The previous sale of the property was on January 24, 2005, for a price of $0.00.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93