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10 West 90th Street, Manhat...

Updated Dec 4, 2024

Wei Dai Acquires Multi Family Property In Upper West Side For $3.8M
SOLDMultiFamily

Wei Dai Acquires Multi Family Property In Upper West Side For $3.8M

10 West 90th Street, Manhattan, New York, NY, USA

$3,800,000

$618/SF

Building Size

6,146 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

About this deal

AI

A multi-family property located at 10 West 90 Street in the Upper West Side neighborhood of Manhattan has been sold. The transaction took place on December 1, 2021. The property is zoned as R7-2, indicating its intended use for multi-family purposes. The buyer of the property is Wei Dai, while the seller is Philip Adsetts.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $3,800,000
  • Address: 10 West 90 Street, Upper West Side, Manhattan
  • Market: Upper West Side, Manhattan
  • Asset Type: Multi Family
  • Zoning: R7-2

The property has a building square footage (BSF) of 6,581, resulting in a price per BSF (PPBSF) of $577. The total square footage (SF) of the property is 6,146, with a price per square foot (PPSF) of $618. The floor area ratio (FAR) of the property is 3.21, indicating the total floor area in relation to the lot size. The property falls under tax class 2B.

The lot size of the property is 1,913 square feet, with dimensions of 19 feet by 100.67 feet. The last recorded sale of the property was on July 22, 2015, with a sale price of $4,700,000.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $618 per square foot on a published $3.8M for 6,146 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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