Asaf Dror Acquires Multifamily Property In Upper West Side For $3.56M
342 West 88th Street, New York City, New York 10024, United States
$3,565,000
$485/SF
Building Size
7,350 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
AI
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
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
4.45%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93