Updated Oct 29, 2024
Meridian Capital Group Acquires Multifamily Property On Upper West Side For $2.2M
22 W 90th St, New York, NY 10024, USA
$2,200,000
$395/SF
Building Size
5,570 SF
Asset Type
MultiFamily
Closing
Nov 9, 2018
About this deal
AI
The multifamily property located at 22 West 90th Street in the Upper West Side has been involved in a recent transaction. The property consists of 9 units and has a loan amount of $2,200,000. Sadoro LLC, represented by Moses Abraham, is the landlord of the property. The lender for the acquisition loan is New York Community Bank. The transaction was facilitated by Meridian Capital Group and YM Neumann.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 22 West 90th Street
- Market: Upper West Side
- Units: 9
- Lender: New York Community Bank
- Landlord: Sadoro LLC – Moses Abraham
- Broker: Meridian Capital Group
Moses Abraham, representing Sadoro LLC, acted as the landlord in this transaction. New York Community Bank provided the acquisition loan. The deal was facilitated by Meridian Capital Group and YM Neumann.
On the Map
$2,200,000
$395/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93