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
$5,360,000
$529/SF
Building Size
10,126 SF
Asset Type
Mixed-use
Closing
Dec 30, 2021
AI
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.
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
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93