Lawrence Katz Sells Multifamily Property On Upper West Side, Manhattan For $4.35M
SOLD
$4,350,000
New York
See Similar DealsMultiFamily5,129 SF
Sold 09/12/2022
SOLD
Lawrence Katz Sells Multifamily Property On Upper West Side, Manhattan For $4.35M
167 West 85th Street, New York City, New York 10024, United States
See Similar DealsMultiFamily5,129 SF
Sold 09/12/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$848
Total Square Footage:5,129 SF
Transaction Type:Sale
The property at 167 W. 85th St. in the Upper West Side of Manhattan has been sold for $4,350,000. This multifamily asset spans a total of 5,129 square feet, resulting in a price per square foot of $848.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Seller: Lawrence Katz
- Broker: Anton Kipel - Venture Capital Properties
The seller of the property was Lawrence Katz, while the broker representing the transaction was Anton Kipel from Venture Capital Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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