Updated Dec 4, 2024
The Mizrahi Family Acquires Multifamily Property On West 87th Street For $6M
46 West 87th Street
$6,000,000
$677/SF
Building Size
8,861 SF
Asset Type
MultiFamily
Closing
Nov 2, 2023
About this deal
AI
The recently closed transaction on 46 West 87th Street in the Upper West Side involved the sale of a multifamily property. The property comprises 13 units with a total of 8,861 square feet. The sale price for this property was $6,000,000, resulting in an average price per unit of $461,538 and a price per square foot of $677.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 13
- Average Price Per Unit: $461,538
- Square Feet: 8,861
- Price Per Square Foot: $677
- Market: Upper West Side
The buyer of this property was The Mizrahi Family, represented by Patrick Dugan from Dusk Group. The seller's representative in this deal was Anton Kipel from Venture Capital Properties.
On the Map
$6,000,000
$677/SF
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93