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Moses Abraham Acquires Upper West Side Multifamily For $6.7M

Property Image
SOLD
$6,700,000
Ronit Abraham
Josh Lipton
Andrew Levine

New York

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MultiFamily5,570 SF
Sold 11/09/2018
the dealplayerscompscontact
Property Image
SOLD

Moses Abraham Acquires Upper West Side Multifamily For $6.7M

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

See Similar Deals
MultiFamily5,570 SF
Sold 11/09/2018
Ronit Abraham
Josh Lipton
Andrew Levine
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,202
Total Square Footage:5,570 SF
Transaction Type:Sale

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
Andrew Levine
67 deals$453.3M volume(212) 596-7570
BROKER
Josh Lipton
Invictus Property Advisors
Josh Lipton
103 deals$1.3B volume
BROKER
Ronit Abraham
Compass
Ronit Abraham
1 deal$6.7M volume
BROKER
HD
Holliswood Development
SELLER
New York Community Bank
New York Community Bank
LENDER

Details

SOLD
IMAGE: Josh Lipton, Andrew Levine, Dana Lowey and Ronit Abraham DATE: 11/09/2018 ASSET TYPE: Multifamily ADDRESS: 22 West 90th Street MARKET: Upper West Side PRICE: $6,700,000 / SF: 6,156 / PPSF: $1,088/ CAP: 4%/ UNITS: 9 SELLER: Dana Lowey BUYER: Moses Abraham BROKERS: Josh Lipton & Andrew Levine @invictuspropertyadvisors & Ronit Abraham @thecorcorangroup

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,803.70
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