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61 West 90th Street, Manhat...

Updated Dec 21, 2023

Caitlin Snow Acquires Multifamily Property On Upper West Side, Manhattan For $5.975M
SOLDMultiFamily

Caitlin Snow Acquires Multifamily Property On Upper West Side, Manhattan For $5.975M

61 West 90th Street, Manhattan, New York, NY, USA

$5,975,000

$1,543/SF

Building Size

3,870 SF

Asset Type

MultiFamily

Closing

May 12, 2021

About this deal

AI

The multifamily property located at 61 West 90th Street in the Upper West Side of Manhattan, was recently sold in a closed transaction. The property has a zoning designation of R7-2 and spans a lot size of 1,873. The lot dimensions measure 18.75 ft x 100.67 ft. The sale took place on May 13, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,975,000
  • Building Square Footage: 3,870
  • Price per Square Foot: $1,543
  • Building Square Footage (BSF): 6,495
  • Price per BSF: $919
  • Floor Area Ratio (FAR): 2.05
  • Tax Class: 1
  • Permits: Alteration type 2 (10/17/1991)
  • Buyer: Caitlin Snow
  • Seller: Stanley Silberstein

The buyer in this transaction was Caitlin Snow, while the seller was Stanley Silberstein. The sale price of the property was $5,975,000. The transaction involved a building with a total square footage of 3,870 and a price per square foot of $1,543. The building's floor area ratio (FAR) was 2.05 and it had a tax class of 1. The property also had permits for Alteration type 2, dating back to October 17, 1991. Moreover, the lot dimensions measured 18.75 ft x 100.67 ft.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $6M for 3,870 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.65%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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