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David & Michael Herzog Acquire Mixed Use Property In Upper West Side For $11.4M

Property Image
SOLD
$11,400,000
Braedon Gait
MH

New York

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Mixed-use13,311 SF
Sold 11/05/2020
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Property Image
SOLD

David & Michael Herzog Acquire Mixed Use Property In Upper West Side For $11.4M

57 West 86 Street, Upper West Side

See Similar Deals
Mixed-use13,311 SF
Sold 11/05/2020
Braedon Gait
MH
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$856
Total Square Footage:13,311 SF
Transaction Type:Sale

The property located at 57 West 86 Street in the Upper West Side has been sold in a closed transaction. The mixed-use asset, which includes residential and commercial units, was purchased for a total price of $11,400,000.

Summary of transaction details

  • Property Type: Mixed use
  • Transaction Amount: $11,400,000
  • Market: Upper West Side
  • Address: 57 West 86 Street
  • Zoning: R10A, EC-2, C1-5
  • Buyer: David & Michael Herzog
  • Seller: Christopher Hart-Zafra
  • Tenant: @Chase
  • Building Square Footage (BSF): 42,800
  • Price per Building Square Foot (PPBSF): $266
  • Lot Size: 42.5 ft x 100.71 ft
  • Residential Units: 12
  • Commercial Units: 1
  • Total Units: 13

David & Michael Herzog have acquired the property from Christopher Hart-Zafra. The transaction included a tenant, @Chase, which occupies the commercial unit within the building. The property consists of 12 residential units and 1 commercial unit, resulting in a total of 13 units.

Players

Braedon Gait
JLL
Braedon Gait
37 deals$648.4M volume
BROKER
MH
Michael Herzog
3 deals$15.1M volume
BUYER
Chase Bank
Chase Bank
LENDER

Details

SOLD
IMAGE: Jamie Dimon DATE: 11/05/2020 ADDRESS: 57 West 86 Street MARKET: Upper West Side ASSET TYPE: Mixed use ~ ZONING: R10A, EC-2, C1-5 BUYER: David & Michael Herzog SELLER: Christopher Hart-Zafra TENANT: @Chase PRICE: $11,400,000 BSF: 42,800 ~ PPBSF: $266 SF: 13,311 ~ PPSF: $856 UNITS: 13 (12 Residential – 11 FM, 1 RS & 1 Commercial) LOT SIZE: 42.5 ft x 100.71 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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