David & Michael Herzog Acquire Mixed Use Property In Upper West Side For $11.4M
57 West 86 Street, Upper West Side
$11,400,000
$856/SF
Building Size
13,311 SF
Asset Type
Mixed-use
Closing
Nov 4, 2020
AI
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
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93