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52 West 88th Street, New Yo...

Updated Dec 20, 2023

Christine Bell Acquires Converted Dwellings/Rooming House On West 88th Street For $5.3M
SOLDMultiFamily

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

Christine Bell

Buyer

$9.9M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $917 per square foot on a published $5.3M for 5,777 square feet (2022).

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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

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