Updated Oct 28, 2024
Christian Fellowship Center Acquires Multifamily Property On Upper West Side For $3.6M
38 West 96th Street, Manhattan, New York, NY, USA
$3,600,000
$614/SF
Building Size
5,855 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
About this deal
AI
The multifamily property located at 38 West 96 Street in the Upper West Side, Manhattan, has been sold. The transaction took place on October 28, 2021, with Christian Fellowship Center purchasing the property from John Tobias for a total price of $3,600,000. The property has a building square footage (BSF) of 12,912 with a price per BSF (PPBSF) of $278. The total lot size is 1,717 square feet, and it has a floor area ratio (FAR) of 3.41. The property falls under tax class 2B and has a lot dimension of 17 ft x 100.67 ft. The transaction included an alteration permit obtained on November 20, 2006.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Market: Upper West Side, Manhattan
- Zoning: R9
- SF: 5,855
- PPSF: $615
The buyer in this transaction is Christian Fellowship Center, and the seller is John Tobias. The property was purchased at a price of $3,600,000, with a square footage of 5,855 and a price per square foot (PPSF) of $615. The buyer's representative in the deal was not specified in the provided information. It is important to note that additional information about the individuals and companies involved in this transaction was not provided.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93