Updated Dec 21, 2023
Michael Tauber Acquires 10-Unit Multifamily In UWS For $4.5M
133 W 80th St, New York, NY 10024, USA
$4,500,000
$700/SF
Building Size
6,428 SF
Asset Type
MultiFamily
Closing
Mar 9, 2020
About this deal
AI
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
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93