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342 West 84th Street, New Y...

Dan Rozenblatt Acquires Multifamily Property In Upper West Side, Manhattan For $4.25M
SOLDMultiFamily

Dan Rozenblatt Acquires Multifamily Property In Upper West Side, Manhattan For $4.25M

342 West 84th Street, New York City, New York 10024, United States

$4,250,000

$1,036/SF

Building Size

4,101 SF

Asset Type

MultiFamily

Closing

Oct 13, 2022

AI

The multifamily property located at 342 West 84th Street in the Upper West Side of Manhattan has been sold in a closed transaction. The property, zoned as R8B, offers a total buildable square footage (BSF) of 7,356, with a price per buildable square footage (PPBSF) of $577. The total square footage (SF) of the property is 4,101, with a price per square footage (PPSF) of $1,036.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Market: Upper West Side, Manhattan
  • Buyer: Dan Rozenblatt
  • Seller: Alexander C Levy
  • Lot Size: 1,839
  • Lot Dimension: 18 ft x 102.17 ft

Dan Rozenblatt acted as the buyer in this transaction, while Alexander C Levy was the seller. The property includes a floor area ratio (FAR) of 2.23 and is classified under tax class 1. The lot has a dimension of 18 feet by 102.17 feet.

Players

Dan Rozenblatt

Buyer

$126M

vol

4 deals

Buyer

Alexander Levy

Seller

$18.4M

vol

4 deals

Seller

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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93