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119 West 92nd Street, New Y...

Marcus & Millichap Brokers Sell Upper West Side Multifamily Property For $3.55M
SOLDMultiFamily

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Michael Grossman

Seller

$3.6M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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