Updated Dec 21, 2023
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.
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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