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149 West 87th Street, New Y...

Updated Dec 21, 2023

Eric Do Acquires Multifamily Property On West 87th Street For $4.35M
SOLDMultiFamily

Eric Do Acquires Multifamily Property On West 87th Street For $4.35M

149 West 87th Street, New York City, New York 10024, United States

$4,350,000

$1,289/SF

Building Size

3,373 SF

Asset Type

MultiFamily

Closing

May 19, 2022

About this deal

AI

The multifamily property located at 149 West 87th Street in the Upper West Side neighborhood of Manhattan has been sold. The transaction took place on May 20, 2022, with Eric Do purchasing the property from Frances A Rosenfeld for a price of $4,350,000. The property is zoned as R7-2, allowing for multifamily use.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,350,000
  • Market: Upper West Side, Manhattan
  • Address: 149 West 87th Street
  • Zoning: R7-2

The property has a total building square footage (BSF) of 5,772, resulting in a price per BSF of $753. The building itself spans a total of 3,373 square feet, giving a price per square foot (PPSF) of $1,289. Additionally, the property features a floor area ratio (FAR) of 2.01 and falls under tax class 2A.

The lot size of the property measures 1,678 square feet, with lot dimensions of 16.67 feet by 100.67 feet. The property has previously undergone an alteration permit on July 26, 1996.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.4M for 3,373 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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