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:
- Property Type: Multifamily
- Transaction Amount: $3,026,000
- Market: Upper West Side, Manhattan
- Seller: Martin Wydra - Wydra Holdings
- Brokers: David Schechtman, Abie Kassin & Henry Barnathan - Meridian Capital Group
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
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