Tom Sherwood Sr. Sells Mixed-Use Property At 217 West 80th Street For $3.8M
217 West 80th Street
$3,800,000
$550/SF
Building Size
6,900 SF
Asset Type
Mixed-use
Closing
Sep 13, 2024
AI
The mixed-use property located at 217 West 80th Street in the Upper West Side was sold for $3,800,000. The building encompasses a total of 6,900 square feet, with a price per square foot of $550.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 217 West 80th Street
- Market: Upper West Side
- Seller: Tom Sherwood Sr.
- Buyer's Representative: Richard Guarino & George Niblock - Friedman-Roth Realty
- Seller's Representatives: John J. Stewart & Dylan Torey - Marcus & Millichap
- Square Footage: 6,900
- Price Per Square Foot: $550
This transaction involved multiple key players, with Richard Guarino and George Niblock representing the buyer through Friedman-Roth Realty. Meanwhile, the seller was represented by John J. Stewart and Dylan Torey from Marcus & Millichap.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93