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167 West 85th Street, New Y...

Updated Dec 21, 2023

Bilt advertisement
Lawrence Katz Sells Multifamily Property On Upper West Side, Manhattan For $4.35M
SOLDMultiFamily

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

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.

Players

Anton Kipel

Venture Capital Properties

Broker

$10.4M

vol

2 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $848 per square foot on a published $4.4M for 5,129 square feet (2022).

Visit Anton Kipel to view all their deals.

Browse New York multifamily sales on Traded.

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

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