David R Mashaal Acquires Multifamily Property In Upper West Side, Manhattan For $6.85M

A multifamily property located at 56 West 87th Street in the Upper West Side of Manhattan has been sold in a recent transaction. The property is zoned as R7-2 and has a lot size of 2,014 square feet. It underwent an alteration type 3 permit in August 2013 and has dimensions of 20 feet by 100.67 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,850,000
• Buyer: David R Mashaal
• Seller: Alan Zimmermann
• Brokers: Sophie Smadbeck & Ricahrd Pretsfelder
• BSF (Building Square Footage): 6,928
• PPBSF (Price per Building Square Foot): $988
• SF (Lot Square Footage): 6,364
• PPSF (Price per Lot Square Foot): $1,076
• FAR (Floor Area Ratio): 3.16
• TAX CLASS: 1

The deal was facilitated by brokers Sophie Smadbeck and Ricahrd Pretsfelder, representing the buyer and seller respectively. The property was sold for a price of $6,850,000, with a building square footage of 6,928 and a lot square footage of 6,364. The transaction involved a multifamily asset in the Upper West Side market of Manhattan. David R Mashaal acted as the buyer, while Alan Zimmermann acted as the seller.