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CPW Property Management LLC Acquires Multifamily Building From Julie Pars Cadenhead For $5.3M
SOLD
$5,300,000
New York
See Similar DealsMultiFamily6,346 SF
Sold 05/21/2025
SOLD
CPW Property Management LLC Acquires Multifamily Building From Julie Pars Cadenhead For $5.3M
36 West 89th Street
See Similar DealsMultiFamily6,346 SF
Sold 05/21/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$835
Total Square Footage:6,346 SF
Transaction Type:Sale
CPW Property Management LLC acquired a multi-family building located at 36 West 89th Street in Manhattan's Upper West Side for a total amount of $5,300,000. The property encompasses 6,346 square feet, equating to a price per square foot of $835.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,300,000
- Address: 36 West 89th Street
- Market: Upper West Side, Manhattan
- Square Footage: 6,346
- Price Per Square Foot: $835
- Buyer: CPW Property Management LLC
- Seller: Julie Pars Cadenhead
- Sale Date: 05/21/2025
The deal was executed with Julie Pars Cadenhead representing the seller in this transaction. CPW Property Management LLC is the entity that finalizes the purchase of the property in this sale.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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