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174 West 72nd Street, New Y...

Eran Nornberg Acquires Mixed-Use Property On Upper West Side For $5.36M
SOLDMixed-use

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:

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

Charlie Gravina

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker

Eran Nornberg

Buyer

$28.9M

vol

3 deals

Buyer

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