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33 West 82nd Street, Manhat...

Israel & Bella Helprin Sell Upper West Side Multifamily For $6.5M - John J. Stewart & Nicholas Biedron Represented The Sellers
SOLDMultiFamily

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

Nicholas Biedron

Binswanger

Broker

$57.2M

vol

11 deals

Broker

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