Updated Dec 19, 2023
Peter Lee Acquires Upper West Side Multifamily For $4M
24 West 68th Street, Manhattan, New York, NY, USA
$4,000,000
$659/SF
Building Size
6,067 SF
Asset Type
MultiFamily
Closing
Sep 16, 2021
About this deal
AI
A multifamily property located at 24 West 68th Street in the Upper West Side has been sold for $4,000,000. The property has a total building square footage (BSF) of 11,486, resulting in a price per BSF (PPBSF) of $348. The total lot size is 1,908 square feet with dimensions of 19 ft x 100.42 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 24 West 68th Street
- Market: Upper West Side
- Zoning: R8
- Buyer: Peter Lee
- Seller: Robert Nahodil
- BSF: 11,486
- PPBSF: $348
- SF: 6,067
- PPSF: $659
- Units: 10
- PPU: $400,000
- LOT SIZE: 1,908
- LOT DIMENSION: 19 ft x 100.42 ft
Notable additional details from the transaction include a floor area ratio (FAR) of 3.18 and a tax class of 2B.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93