Updated Dec 19, 2023
Li Zhang Acquires Multifamily Property On West 91st Street, Upper West Side, Manhattan For $4.9M
270 West 91st Street, New York City, New York 10024, United States
$4,875,000
$854/SF
Building Size
5,706 SF
Asset Type
MultiFamily
Closing
Jan 27, 2022
About this deal
AI
A multifamily property located at 270 West 91st Street in the Upper West Side of Manhattan has been sold for $4,875,000. The property is zoned as R8 and R10A, allowing for multifamily development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,875,000
- Address: 270 West 91st Street
- Market: Upper West Side, Manhattan
The buyer of the property is Li Zhang, and the seller is Nader Ahari.
The property has a building square footage (BSF) of 10,836, with a price per BSF (PPBSF) of $449. The total square footage (SF) of the property is 5,706, with a price per square foot (PPSF) of $854. The property has a floor area ratio (FAR) of 3.17 and is classified as tax class 2A.
The lot size of the property is 1,800 square feet. The previous sale of the property was on November 1, 2010, at a price of $3,731,250. The property also had an alteration permit issued on September 12, 2003.
The lot dimensions of the property are 18 feet by 100.67 feet.
On the Map
$4,875,000
$854/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93