Updated Aug 5, 2026
SOLDMultiFamily
Marcus & Millichap Brokers Sell Multifamily Property On Upper West Side, Manhattan For $6.75M
159 West 85th Street
$6,750,000
$568/SF
Building Size
11,880 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
A multifamily property located at 159 W. 85th St. in the Upper West Side of Manhattan has been sold. The property consists of 20 units with a total area of 11,880 square feet. The sale price for this transaction was $6,750,000, making the price per unit $337,500 and the price per square foot $568.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Units: 20
- Price per Unit: $337,500
- Total Square Feet: 11,880
- Price per Square Foot: $568
- Market: Upper West Side, Manhattan
The sale of this property was facilitated by the brokers Joe Koicim, Logan Markley, and Zan Colin from Marcus & Millichap. They represented the parties involved in the transaction, ensuring a smooth process and successful deal.
Players
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93