Updated Sep 3, 2026
Michael Pinchasick Of The Corcoran Group Represents Buyer In Sale Of Multifamily Property For $11.2M
323 West 89th Street & 4 West 90th Street
$11,200,000
$1,573/SF
Building Size
7,120 SF
Asset Type
MultiFamily
Closing
Aug 3, 2026
About this deal
AI
The property asset involved in the transaction is a MultiFamily building located at 323 West 89th Street & 4 West 90th Street in the Upper West Side, Manhattan. The sale was executed at a price of $11,200,000, which translates to a price per unit of $560,000 for the total of 20 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,200,000
- Units: 20
- Price Per Unit: $560,000
- Seller's Representative: Raphael Sitruk - The Corcoran Group
- Buyer's Representative: Michael Pinchasick - The Corcoran Group
- Date of Transaction: 08/03/2026
- Address: 323 West 89th Street & 4 West 90th Street
- Market: Upper West Side, Manhattan
The key individuals involved in the deal include Raphael Sitruk representing the seller and Michael Pinchasick representing the buyer, both from The Corcoran Group. Their involvement facilitated the successful transaction of this property in the competitive market of Upper West Side, Manhattan.
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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93