David Shorenstein Acquires Multifamily Property In Upper West Side, Manhattan For $5.1M
SOLD
$5,100,000
New York
See Similar DealsMultiFamily5,541 SF
Sold 11/16/2021
SOLD
David Shorenstein Acquires Multifamily Property In Upper West Side, Manhattan For $5.1M
226 West 79th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily5,541 SF
Sold 11/16/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$920
Total Square Footage:5,541 SF
Transaction Type:Sale
The multifamily property located at 226 West 79 Street in the Upper West Side of Manhattan has been sold for a total price of $5,100,000. The property, which is zoned as R10A and C1-5, offers a building square footage (BSF) of 17,370 at a price per BSF (PPBSF) of $293. The total square footage of the property is 5,541, with a price per square foot (PPSF) of $920. The FAR of the property is 3.19, and it falls under tax class 2A.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 226 West 79 Street
- Market: Upper West Side, Manhattan
- Zoning: R10A, C1-5
The buyer of the property is David Shorenstein, and the seller is John LaGreco. The lot size of the property is 1,737 square feet, with dimensions of 17 ft x 102.17 ft. The property also holds an alteration permit issued on 06/28/2010.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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