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47 West 95th Street, New Yo...

Joshua A Feltman And Victoria Stein Feltman Acquire Multifamily Property On 47 West 95 Street For $8.3M
SOLDMultiFamily

Joshua A Feltman And Victoria Stein Feltman Acquire Multifamily Property On 47 West 95 Street For $8.3M

47 West 95th Street, New York City, New York 10025, United States

$8,305,000

$2,064/SF

Building Size

4,023 SF

Asset Type

MultiFamily

Closing

Sep 21, 2021

AI

A multifamily property located at 47 West 95 Street in the Upper West Side of New York City has been sold for a total price of $8,305,000. The property has a total square footage of 4,023 and a price per square foot of $2,064. The building has a buildable square footage of 6,233, with a price per buildable square foot of $1,332. The lot size is 1,812 square feet, and the property is zoned as R7-2, allowing for a floor area ratio (FAR) of 2.22. The property falls under tax class 1.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,305,000
  • Market: Upper West Side

The buyer of the property is Joshua A Feltman and Victoria Stein Feltman, while the seller is Joshua Eisenberg. The deal was facilitated by Cathy Franklin, Alexis Bodenheimer, and Jaimie Hannon from Corcoran.

It is worth noting that the property was previously sold on May 4, 2018, for a price of $5,399,157. An alteration permit was obtained on May 7, 2018, for the property. The lot dimension is 18 ft x 100.67 ft.

Players

Cathy Franklin

The Corcoran Group

Broker

$229.1M

vol

6 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

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93