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Daniel Arnel Of Prospect Acquisitions Buys Multifamily Property From Karen Erhard For $4.2M

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SOLD
$4,200,000

New York

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MultiFamily5,480 SF
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Daniel Arnel Of Prospect Acquisitions Buys Multifamily Property From Karen Erhard For $4.2M

129 West 85th Street

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MultiFamily5,480 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$766
Total Square Footage:5480 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 129 West 85th Street in the Upper West Side market. The sale price for this property was $4,200,000, consisting of 10 units with a price per unit of $420,000. The total square footage of the building is 5,480, with a price per square foot of $766.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 129 West 85th Street
  • Units: 10
  • Price Per Unit: $420,000
  • Square Footage: 5,480
  • Price Per Square Foot: $766
  • Buyer: Daniel Arnel - Prospect Acquisitions
  • Seller: Karen Erhard
  • Brokers: John J. Stewart, Dylan Torey & Olivia Scialla - Marcus & Millichap
  • Date: 1/27/2026

Daniel Arnel, representing Prospect Acquisitions, is actively pursuing similar properties, particularly multifamily and mixed-use buildings within Manhattan, North Brooklyn, and Astoria. Interested parties can reach out with deals through the specified contact email.

Players

John J. Stewart
29 deals$204.1M volume
BROKER

Dylan Torey
Marcus & Millichap
12 deals$69.2M volume
BROKER

Olivia Scialla
Marcus & Millichap
1 deal$4.2M volume(212) 430-5187
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Daniel Arnel, John J. Stewart, Dylan Torey & Olivia Scialla DATE: 1/27/2026 ADDRESS: 129 West 85th Street MARKET: Upper West Side ASSET TYPE: Multifamily BUYER: Daniel Arnel - Prospect Acquisitions SELLER: Karen Erhard BROKERS: John J. Stewart (@NYCBuildingAdvisors), Dylan Torey & Olivia Scialla - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,200,000 UNITS: 10 ~ PPU: $420,000 SF: 5,480 ~ PPSF: $766 NOTE FROM BUYER: 129 w 85th street is a free market building in prime Upper West Side. Prospect Acquisitions is actively looking to buy similar properties; multifamily and mixed-use buildings in Manhattan, North Brooklyn, and Astoria. Please send deals to [email protected] .Stewart

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

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71