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
$4,350,000
$848/SF
Building Size
5,129 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
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.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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