Updated Dec 19, 2023
Dawn Orlinsky Acquires Multifamily Building In Upper West Side For $6.2M
330 W 87th St New York, NY 10024, USA
$6,250,000
$1,240/SF
Building Size
5,040 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
Dawn Orlinsky's West Family Property LLC has purchased a six-unit residential walkup building located at 330 West 87th Street in the Upper West Side, Manhattan. The property, which was sold by Sharon Catherine Pett, was acquired for a total sale price of $6,250,000. It spans a total of 5,040 square feet and has an additional 7,000 square feet of air rights, allowing for a total buildable area of 12,040 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Buyer: Dawn Orlinsky
- Seller: Sharon Catherine Pett
- Address: 330 West 87th Street
- Market: Upper West Side, Manhattan
- Building Square Footage: 5,040 sqft
- Price per Square Foot (PPSF): $1,240
Dawn Orlinsky, representing West Family Property LLC, successfully closed the deal with seller Sharon Catherine Pett. This transaction showcases the growing real estate activity in the Upper West Side of Manhattan, particularly in the multifamily sector. By acquiring this six-unit residential walkup building, Dawn Orlinsky's West Family Property LLC further strengthens its portfolio in the area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93