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Michael Tauber Acquires 10-Unit Multifamily In UWS For $4.5M

Property Image
SOLD
$4,500,000

New York

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MultiFamily6,428 SF
Sold 03/10/2020
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Property Image
SOLD

Michael Tauber Acquires 10-Unit Multifamily In UWS For $4.5M

133 W 80th St, New York, NY 10024, USA

See Similar Deals
MultiFamily6,428 SF
Sold 03/10/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$700
Total Square Footage:6,428 SF
Transaction Type:Sale

The multifamily property located at 133 W 80th Street in the UWS neighborhood was recently sold in a closed transaction. The property consists of 10 units, including 4 rent-stabilized units and 6 free-market units. The total square footage of the property is 6,428, resulting in a price per square foot of $700. The transaction was completed for a total price of $4,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Address: 133 W 80th Street
  • Market: UWS

The buyer of the property is Michael Tauber, and the seller is Loren Renz. Both parties were represented by their respective brokers in the deal.

Players

2 deals$65M volume
BUYER

Details

SOLD
IMAGE: 03/10/2020 ADDRESS: 133 W 80th Street MARKET: UWS ASSET TYPE: Multifamily PRICE: $4,500,000 SF: 6,428 PPSF: $700 UNITS: 10 (4 RS, 6 FM) BUYER: Michael Tauber SELLER: Loren Renz

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

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55