Israel & Bella Helprin Sell Upper West Side Multifamily For $6.5M - John J. Stewart & Nicholas Biedron Represented The Sellers
33 West 82nd Street, Manhattan, New York, NY, USA
$6,500,000
$552/SF
Building Size
11,768 SF
Asset Type
MultiFamily
Closing
Mar 7, 2021
AI
A multifamily property located at 33 West 82nd Street and 28 West 85th Street in the Upper West Side of New York City has been sold in a recent transaction. The property consists of 20 units with a total square footage of 11,768. The sale price for this transaction was $6,500,000, resulting in a price per unit of $325,000 and a price per square foot of $552.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Units: 20
- Price per Unit: $325,000
- Square Footage: 11,768
- Price per Square Foot: $552
- Market: Upper West Side
The sellers of the property were Israel and Bella Helprin. John J. Stewart and Nicholas Biedron from NYC Building Advisors represented the sellers as brokers in this transaction.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93