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323 West 89th Street

Updated Sep 3, 2026

SOLDMultiFamily

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

$753/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:

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.

On the Map

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$11,200,000

$753/SF

MultiFamily

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Players

Raphael Sitruk

The Corcoran Group

Broker

$40.1M

vol

2 deals

Broker
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $753 per square foot on a published $11.2M for 14,874 square feet (2026).

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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

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