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15 West 89th Street, Manhat...

Updated Dec 21, 2023

Vasilia A Tsismenakis Acquires Multifamily Property On 15 West 89 Street In Upper West Side For $7.8M
SOLDMultiFamily

Vasilia A Tsismenakis Acquires Multifamily Property On 15 West 89 Street In Upper West Side For $7.8M

15 West 89th Street, Manhattan, New York, NY, USA

$7,800,000

$1,051/SF

Building Size

7,419 SF

Asset Type

MultiFamily

Closing

Oct 25, 2021

About this deal

AI

The property at 15 West 89th Street in the Upper West Side of Manhattan has been sold for a price of $7,800,000. The multifamily asset comprises a total building square footage (BSF) of 19,120, with a price per BSF (PPBSF) of $407. The property has a total area of 7,419 square feet, with a price per square foot (PPSF) of $1,051. The lot size is 1,912 square feet, with dimensions of 19 feet by 100.67 feet. The property falls under the R10A and R7-2 zoning regulations and has a floor area ratio (FAR) of 3.88. The previous sale price was $6,400,000 on June 29, 2004, and an alteration permit was issued on June 21, 1996.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $7,800,000
  • Market: Upper West Side, Manhattan
  • Zoning: R10A, R7-2

Vasilia A Tsismenakis has purchased the property from Michael J Corbett. The transaction was facilitated by broker Pamela D'Arc from Compass.

Players

Pamela D Arc

Compass

Broker

$45.7M

vol

4 deals

Broker

Vasilia Tsismenakis

Buyer

$12.1M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $7.8M for 7,419 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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