Updated Sep 9, 2024
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
About this deal
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