Updated Dec 21, 2023
Rael Nurick Acquires Multifamily Property On West 95 Street In Upper West Side For $11M
44 West 95th Street, Manhattan, New York, NY, USA
$11,000,000
$2,495/SF
Building Size
4,408 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
The multifamily property located at 44 West 95 Street in the Upper West Side of Manhattan has been sold for a total price of $11,000,000. The property has a building square footage (BSF) of 6,925 and a price per BSF (PPBSF) of $, with a total square footage (SF) of 4,408 and a price per square foot (PPSF) of $2500. The property has a floor area ratio (FAR) of 2.19 and falls under tax class 1. The lot size is 2,013 and the last recorded sale price was $4,225,000 on 05/25/2016. The property underwent an alteration type 2 permit on 02/14/2018. The lot dimensions are 20 ft x 100.67 ft.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Market: Upper West Side, Manhattan
- Zoning: R7-2
- Buyer: Rael Nurick
- Seller: Kiril Gelman
Rael Nurick represented the buyer in this transaction.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93