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14 East 82nd Street, New Yo...

David Lloyd Acquires Apartment Building On 14 West 82nd Street For $4.5M
SOLDMultiFamily

David Lloyd Acquires Apartment Building On 14 West 82nd Street For $4.5M

14 East 82nd Street, New York City, New York 10028, United States

$4,500,000

$613/SF

Building Size

7,339 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

An apartment building located at 14 West 82nd Street in the Upper West Side of Manhattan has been sold for $4,500,000. The building has a total square footage of 7,339 and a price per square foot of $613. The buyer of the property is David Lloyd, while the seller is Jack Roitman. The transaction took place on 06/28/2022.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $4,500,000
  • Market: Upper West Side, Manhattan
  • Address: 14 West 82nd Street
  • Buyer: David Lloyd
  • Seller: Jack Roitman
  • Built Square Footage: 7,339
  • Price per Square Foot: $613

The apartment building is located within the R8B zoning district. The building has a floor area ratio (FAR) of 3.42 and falls under tax class 2B. The lot size is 2,146 square feet, with dimensions of 21 ft x 102.17 ft. The property has obtained an alteration permit on 08/12/2020.

Players

David Lloyd

Davean Holdings

Buyer

$266.4M

vol

31 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93