Jim Zweig Acquires Multifamily Property On Upper West Side For $3.1M
SOLD
$3,100,000
New York
See Similar DealsMultiFamily5,878 SF
Sold
SOLD
Jim Zweig Acquires Multifamily Property On Upper West Side For $3.1M
60 West 91st Street
See Similar DealsMultiFamily5,878 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$527
Total Square Footage:5878 SF
Transaction Type:Sale
A multifamily property located at 60 West 91st Street in the Upper West Side neighborhood was recently sold for $3,100,000. The property spans 5,878 square feet, resulting in a price per square foot of $551. The transaction took place on 03/29/2021 and involved the buyer, Jim Zweig, and the seller, Kim Mortimer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 60 West 91st Street
- Market: Upper West Side
- Zoning: R7-2
- Buyer: Jim Zweig
- Seller: Kim Mortimer
- Brokers: Greg Corbin & Aaron Kline - Rosewood Realty Group; Richard Maltz - @Maltz_Auctions
The deal was facilitated by the brokers Greg Corbin, Aaron Kline from Rosewood Realty Group, and Richard Maltz from Maltz Auctions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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