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342 West 88th Street, New Y...

Asaf Dror Acquires Multifamily Property In Upper West Side For $3.56M
SOLDMultiFamily

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

Eric Roth

Newmark

Broker

$1.5B

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Asaf Dror

Buyer

$21.3M

vol

6 deals

Buyer

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