Updated Dec 21, 2023
Douglas Hodge Acquires Multifamily Property On West 87 Street For $7.58M
5 West 87th Street, Manhattan, New York, NY, USA
$7,580,000
$1,295/SF
Building Size
5,852 SF
Asset Type
MultiFamily
Closing
Jun 2, 2021
About this deal
AI
The multifamily property located at 5 West 87 Street in the Upper West Side of Manhattan was recently sold for a price of $7,580,000. The property spans a total area of 5,852 square feet, resulting in a price per square foot of $1,295. This transaction took place on June 3, 2021, and the property falls under tax class 2A.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,580,000
- Square Footage: 5,852
- Price per Square Foot: $1,295
- Address: 5 West 87 Street, Upper West Side, Manhattan
- Market: Upper West Side, Manhattan
- Buyer: Douglas Hodge
- Seller: Kevin Wolf
The buyer in this transaction is Douglas Hodge, while the seller is Kevin Wolf.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93