Pinetree Group Acquires Multifamily Property In Upper West Side For $5.6M
33 W 88th St, New York, NY 10024, USA
$5,600,000
$80/SF
Building Size
69,330 SF
Asset Type
MultiFamily
Closing
Jan 26, 2020
AI
The multifamily property located at 33 West 88th Street in the Upper West Side was sold for a price of $5,600,000. The property spans a total area of 6,933 square feet, resulting in a price per square foot of $807. The property consists of 6 units, with an average price per unit of $933,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- BSF: 6,933
- PPBSF: $807
- Units: 6
- PPU: $933,333
The buyer of the property is Pinetree Group, represented by Yitzhak Pastreich. The seller of the property is the Estate of Arnold Lieber.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93