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123 West 81st Street, New Y...

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

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

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

$4,000,000

$723/SF

Building Size

5,532 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

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

Nathan Benelyahou

Buyer

$21.9M

vol

6 deals

Buyer

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93