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Nathan Benelyahou Acquires Apartment Building In Upper West Side, Manhattan For $4M

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SOLD
$4,000,000

New York

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MultiFamily5,532 SF
Sold 12/16/2021
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Property Image
SOLD

Nathan Benelyahou Acquires Apartment Building In Upper West Side, Manhattan For $4M

123 West 81st Street, New York City, New York 10024, United States

See Similar Deals
MultiFamily5,532 SF
Sold 12/16/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$723
Total Square Footage:5,532 SF
Transaction Type:Sale

The property involved in this closed transaction is located at 123 West 81 Street in the Upper West Side of Manhattan. It is an apartment building with an R8B zoning. The property has a lot size of 1,941 square feet, with dimensions of 19 feet by 102.17 feet.

Summary of transaction details

  • Property Type: Apartments
  • Transaction Amount: $4,000,000
  • Building Square Footage: 7,764
  • Price per Building Square Foot: $515
  • Land Square Footage: 5,532
  • Price per Land Square Foot: $723
  • Floor Area Ratio (FAR): 2.85
  • Tax Class: 2C

The buyer in this transaction is Nathan Benelyahou, while the seller is Aharon Friedman. They have successfully completed the sale of the property for a price of $4,000,000. The building offers a total of 7,764 square feet of space, with a price per building square foot of $515. The land associated with the property spans 5,532 square feet, with a price per land square foot of $723.

Players

6 deals$21.9M volume
BUYER

Details

SOLD
IMAGE: 12/16/2021 ADDRESS: 123 West 81 Street MARKET: Upper West Side, Manhattan ASSET TYPE: Apartments ~ ZONING: R8B BUYER: Nathan Benelyahou SELLER: Aharon Friedman PRICE: $4,000,000 BSF: 7,764 ~ PPBSF: $515 SF: 5,532 ~ PPSF: $723 FAR: 2.85 TAX CLASS: 2C LOT SIZE: 1,941 LOT DIMENSION: 19 ft x 102.17 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49