Stephen Vann And Michael Katz Acquire Multi-Family Property In Upper West Side For $6M
SOLD
$6,000,000
+ 1
New York
See Similar DealsMultiFamily6,935 SF
Sold 10/29/2021
SOLD
Stephen Vann And Michael Katz Acquire Multi-Family Property In Upper West Side For $6M
106 West 76th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily6,935 SF
Sold 10/29/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$865
Total Square Footage:6,935 SF
Transaction Type:Sale
A multi-family property located at 106 West 76th Street in the Upper West Side neighborhood of Manhattan has been sold for $6,000,000. The property has a building square footage (BSF) of 15,363 and a price per BSF (PPBSF) of $391. The total square footage (SF) of the property is 6,935, with a price per square foot (PPSF) of $865. The property is zoned as C1-8A and R8B, with a floor area ratio (FAR) of 3.39. It falls under tax class 2B and has a lot size of 2,043 square feet. The last sale price of the property was $0 in August 1999, and its lot dimensions are 20 feet by 102.17 feet.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $6,000,000
- Market: Upper West Side, Manhattan
- Zoning: C1-8A, R8B
The buyer of the property is Stephen Vann and Michael Katz, while James F Hefelfinger is the seller. The transaction was facilitated by brokers Richard Pretsfelder and Sophie Smadbeck from Leslie J. Garfield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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