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312 West 71st Street, Manha...

Updated Dec 19, 2023

Arielle Goren Acquires Multifamily Property On West 71st Street For $5.8M
SOLDMultiFamily

Arielle Goren Acquires Multifamily Property On West 71st Street For $5.8M

312 West 71st Street, Manhattan, New York, NY, USA

$5,800,000

$1,175/SF

Building Size

4,936 SF

Asset Type

MultiFamily

Closing

May 4, 2021

About this deal

AI

A multifamily property located at 312 West 71st Street in Lincoln Square, Manhattan, has been sold for $5,800,000. The property spans 4,936 square feet and has a price per square foot of $1,175. The building has a total of 7,232 buildable square feet with a price per buildable square foot of $801. The property sits on a lot size of 1,830 and has lot dimensions of 18 ft x 100.42 ft. The zoning classification for the property is R8B, and it falls under tax class 1. The transaction took place on May 5, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Buyer: Arielle Goren
  • Seller: Robert L Lewis
  • Market: Lincoln Square, Manhattan
  • Building Square Footage: 4,936
  • Price Per Square Foot: $1,175
  • Buildable Square Footage: 7,232
  • Price Per Buildable Square Foot: $801
  • Lot Size: 1,830
  • Lot Dimensions: 18 ft x 100.42 ft
  • Zoning: R8B
  • Tax Class: 1

The buyer in this transaction was Arielle Goren, while the seller was Robert L Lewis. The deal was closed on May 5, 2021, in the Lincoln Square market of Manhattan.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $5.8M for 4,936 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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