Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 167 West 85th Street, New York City, New York 10024, United States in New York, New York sold for $4.4M in 2022. The building is 5,129 square feet, implying about 848 per square foot on the published price. Anton Kipel, Venture Capital Properties appear on the sale alongside Venture Capital Properties. This page is the New York, New York file for the 167 West 85th Street, New York City, New York 10024, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 167 West 85th Street, New York City, New York 10024, United States around 2022. Published consideration for 167 West 85th Street, New York City, New York 10024, United States is $4.4M, dated 2022. Cite this Lawrence Katz Sells Multifamily Property On Upper West Side, Manhattan For $4.35M sale when underwriting similar multifamily product around New York, New York.
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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