facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

256 West 88th Street, Manha...

Asaf Dror Acquires Mixed-use Property On Upper West Side From The Katz Family For $3.3M
SOLDMixed-use

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

$3,275,000

$775/SF

Building Size

4,222 SF

Asset Type

Mixed-use

Closing

Jun 21, 2021

AI

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

Eric Roth

Newmark

Broker

$1.5B

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Asaf Dror

Buyer

$21.3M

vol

6 deals

Buyer

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

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93