Eran Nornberg Acquires Mixed-Use Property On Upper West Side For $5.36M
SOLD
$5,360,000
+ 1
New York
See Similar DealsMixed-use10,126 SF
Sold 12/30/2021
SOLD
Eran Nornberg Acquires Mixed-Use Property On Upper West Side For $5.36M
174 West 72nd Street, New York City, New York 10023, United States
See Similar DealsMixed-use10,126 SF
Sold 12/30/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$529
Total Square Footage:10,126 SF
Transaction Type:Sale
A mixed-use property located at 174 West 72nd Street in the Upper West Side has been sold for a total of $5,360,000. The property spans across 10,126 square feet, resulting in a price per square foot of $529. The sale took place on December 30, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,360,000
- Address: 174 West 72nd Street
- Market: Upper West Side
- Buyer: Eran Nornberg
- Seller: The Donohue Family
- Brokers: Andrew Berry, Charlie Gravina & John Ciraulo - Cushman & Wakefield
Eran Nornberg is the buyer of the property, while the seller is The Donohue Family. The deal was facilitated by brokers Andrew Berry, Charlie Gravina, and John Ciraulo, who represent Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,042.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,409.13
Annual Debt Service$304,909.61
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