Updated Feb 16, 2024
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
About this deal
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.
On the Map
$6,700,000
$1,202/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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