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Pinetree Group Acquires Multifamily Property In Upper West Side For $5.6M

Property Image
SOLD
$5,600,000

New York

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MultiFamily69,330 SF
Sold 01/27/2020
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Property Image
SOLD

Pinetree Group Acquires Multifamily Property In Upper West Side For $5.6M

33 W 88th St, New York, NY 10024, USA

See Similar Deals
MultiFamily69,330 SF
Sold 01/27/2020

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:69,330 SF
Transaction Type:Sale

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

BUYER

Details

SOLD
IMAGE: 01/27/2020 ADDRESS: 33 West 88th Street MARKET: Upper West Side ASSET TYPE: Multifamily PRICE: $5,600,000 BSF: 6,933 PPBSF: $807 UNITS: 6 PPU: $933,333 BUYER: Pinetree Group – Yitzhak Pastreich SELLER: Estate of Arnold Lieber

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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