Updated Dec 19, 2023
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
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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