Updated Dec 20, 2023
Christine Bell Acquires Converted Dwellings/Rooming House On West 88th Street For $5.3M
52 West 88th Street, New York City, New York 10024, United States
$5,300,000
$917/SF
Building Size
5,777 SF
Asset Type
MultiFamily
Closing
Jun 28, 2022
About this deal
AI
The converted dwellings/rooming house located at 52 West 88th Street in Upper West Side, Manhattan has been sold in a recent transaction. The property, with a lot size of 2,013 square feet, offers a total of 5,777 square feet of space. The sale price for this asset was $5,300,000, resulting in a price per square foot of $917. The building has a total of 6,925 buildable square feet, with a price per buildable square foot of $765. The property is zoned as R7-2 and falls under tax class 2B.
Summary of transaction details
- Property Type: Converted Dwellings/Rooming House
- Sale Price: $5,300,000
- Lot Size: 2,013 square feet
- Total Square Feet: 5,777
- Price per Square Foot: $917
- Buildable Square Feet: 6,925
- Price per Buildable Square Foot: $765
- Zoning: R7-2
- Tax Class: 2B
The buyer of the property is Christine Bell, while the seller is Dominick F. Guama. The transaction took place on 06/29/2022. The property has previously undergone an alteration permit on 11/10/2010. The lot dimension of the property is 20 ft x 100.67 ft.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93