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22 W 90th St, New York, NY ...

Moses Abraham Acquires Upper West Side Multifamily For $6.7M
SOLDMultiFamily

Moses Abraham Acquires Upper West Side Multifamily For $6.7M

22 W 90th St, New York, NY 10024, USA

$6,700,000

$1,202/SF

Building Size

5,570 SF

Asset Type

MultiFamily

Closing

Nov 8, 2018

AI

The multifamily property located at 22 West 90th Street on the Upper West Side has been sold for a price of $6,700,000. Spanning a total of 6,156 square feet, the property has a price per square foot of $1,088. The capitalization rate for this transaction stands at 4%. The property consists of 9 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Square Footage: 6,156
  • Price per Square Foot: $1,088
  • Capitalization Rate: 4%
  • Number of Units: 9
  • Market: Upper West Side

The seller of the property is Dana Lowey, while the buyer is Moses Abraham. The deal was facilitated by Josh Lipton and Andrew Levine from Invictus Property Advisors, along with Ronit Abraham from The Corcoran Group.

Players

Andrew Levine

Invictus Property Advisors

Broker

$454.4M

vol

68 deals

Broker
HD
Holliswood DevelopmentSeller

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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93