Marcus & Millichap Brokers Sell Upper West Side Multifamily Property For $3.55M
119 West 92nd Street, New York, NY 10025
$3,550,000
$551/SF
Building Size
6,433 SF
Asset Type
MultiFamily
Closing
Apr 12, 2021
AI
A multifamily property located at 119 West 92nd Street in the Upper West Side has been sold for a price of $3,550,000. The property consists of 7 units with a total square footage of 6,433. The selling price per square foot is $551, and the average price per unit is $507,143.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Address: 119 West 92nd Street
- Market: Upper West Side
The seller of the property is Michael Grossman. The sale was facilitated by Peter Von Der Ahe, Joe Koicim, Danny Handweiler, and Haley Hasho, who represent New York Multifamily and Marcus & Millichap NY.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93