David Batalion Acquires Multifamily Property On Upper West Side For $6.2M
326 West 77th Street, New York City, New York 10024, United States
$6,200,000
$1,222/SF
Building Size
5,072 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
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.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93