Asaf Dror Acquires Mixed-use Property On Upper West Side From The Katz Family For $3.3M
SOLD
$3,275,000
+ 1
New York
See Similar DealsMixed-use4,222 SF
Sold 06/22/2021
SOLD
Asaf Dror Acquires Mixed-use Property On Upper West Side From The Katz Family For $3.3M
256 West 88th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use4,222 SF
Sold 06/22/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$775
Total Square Footage:4,222 SF
Transaction Type:Sale
The mixed-use property located at 256 West 88th Street in the Upper West Side of New York City has been sold for a price of $3,275,000. The property spans a total square footage of 4,222 and was sold at a price per square foot of $775. The sale took place on June 22, 2021, and the transaction was facilitated by Eric Roth, Tyler Signora, and Harry James from CushWake on behalf of the seller, the Katz Family. The buyer of the property is Asaf Dror.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,275,000
- Address: 256 West 88th Street
- Market: Upper West Side
Eric Roth, Tyler Signora, and Harry James from CushWake represented the seller, the Katz Family, in this transaction.
Players
BROKERAGE
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$174,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,635.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,525.17
Annual Debt Service$186,302.05
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