Updated Dec 21, 2023
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
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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