Updated Oct 29, 2024
42 West 94th Inc Acquires Multifamily Property In Manhattan For $4.35M
42 W 94th St, New York, NY 10025, USA
Building Size
38,980 SF
Asset Type
MultiFamily
Closing
Jan 16, 2018
About this deal
AI
The multifamily property located at 42 W 94th Street in New York City has been sold for a total price of $4,350,000. The property spans over 3,898 square feet and has a price per square foot of $1,115. This transaction took place in the Manhattan market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 42 W 94th Street, New York City
- Market: Manhattan
- Size: 3,898 sf
- Price per Square Foot: $1,115
The seller of the property was Silvershore Properties, represented by David Shorenstein and Jason Silverstein. The buyer, 42 west 94th INC., completed the transaction with the assistance of the Ostad family's Ascension Equities.
On the Map
MultiFamily
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93