David Batalion Acquires Multifamily Property On Upper West Side For $6.2M
SOLD
New York
See Similar DealsMultiFamily5,072 SF
Sold 10/14/2021
SOLD
David Batalion Acquires Multifamily Property On Upper West Side For $6.2M
326 West 77th Street, New York City, New York 10024, United States
See Similar DealsMultiFamily5,072 SF
Sold 10/14/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,222
Total Square Footage:5,072 SF
Transaction Type:Sale
Located at 326 West 77 Street in the Upper West Side, this multifamily property was sold in a closed transaction. The property is zoned as R8B, and it has a lot size of 2,043 square feet. The lot dimension measures 20 feet by 102.17 feet. The property underwent an alteration permit on June 24, 2016.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Buyer: David Batalion
- Seller: Jason Rohlman
- Broker: Richard Pretsfelder & Sophie Smadbeck - Leslie J. Garfield
- Market: Upper West Side
- Building Square Footage: 5,067
- Price per Square Foot: $1,223
- Building Square Footage (BSF): 8,172
- Price per Building Square Foot (PPBSF): $758
- Floor Area Ratio (FAR): 2.48
- Tax Class: 2B
In this transaction, Richard Pretsfelder and Sophie Smadbeck from Leslie J. Garfield represented the buyer and seller respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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