Updated Dec 21, 2023
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
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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