Asaf Dror Acquires Multifamily Property In Upper West Side For $3.56M
SOLD
$3,565,000
+ 1
New York
See Similar DealsMultiFamily7,350 SF
Sold 01/06/2022
SOLD
Asaf Dror Acquires Multifamily Property In Upper West Side For $3.56M
342 West 88th Street, New York City, New York 10024, United States
See Similar DealsMultiFamily7,350 SF
Sold 01/06/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:7,350 SF
Transaction Type:Sale
The multifamily property located at 342 West 88th Street in the Upper West Side has been sold for a total of $3,565,000. The transaction was completed on 01/06/2022. The property spans a total of 7,350 square feet, resulting in a price per square foot of $485. This multifamily asset consists of 10 units, with each unit priced at approximately $356,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,565,000
- Address: 342 West 88th Street
- Market: Upper West Side
- Zoning: R8
Asaf Dror has purchased the property from Scott Gilder. The transaction was facilitated by the brokers Eric Roth, Tyler Signora, and Harry James from Cushman & Wakefield.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,665.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,899.92
Annual Debt Service$202,799.03
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