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45 West 87th Street

Meridian Capital Group Facilitates $3.03M Multifamily Sale On Upper West Side
SOLDMultiFamily

Meridian Capital Group Facilitates $3.03M Multifamily Sale On Upper West Side

45 West 87th Street

$3,026,000

$471/SF

Building Size

6,420 SF

Asset Type

MultiFamily

Closing

Apr 15, 2024

AI

The property at 45 West 87th Street, located in the Upper West Side of Manhattan, was involved in a recent closed transaction. The multifamily asset consists of 10 units with a total square footage of 6,420 square feet. The property was sold for $3,026,000, resulting in a price per unit of $302,600 and a price per square foot of $471.

Summary of transaction details:

David Schechtman, Abie Kassin, and Henry Barnathan from Meridian Capital Group represented the seller, Martin Wydra of Wydra Holdings, in this transaction at 45 West 87th Street. The deal underscores the active involvement of reputable brokers in facilitating successful property transactions in the real estate market.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker

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

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93