facebook
Traded Co logo
Submit

Alex Lein Acquires Upper West Side Multifamily From Karl Slovin In $4.4M Deal

Property Image
SOLD
$6,400,000

New York

See Similar Deals
MultiFamily5,977 SF
Sold 11/06/2020
the dealplayerscompscontact
Property Image
SOLD

Alex Lein Acquires Upper West Side Multifamily From Karl Slovin In $4.4M Deal

58 W 85th St, New York, NY 10024, USA

See Similar Deals
MultiFamily5,977 SF
Sold 11/06/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,070
Total Square Footage:5,977 SF
Transaction Type:Sale

Located in the desirable Upper West Side market, the multifamily property at 65 West 83rd Street has changed hands in a recent transaction. The sale took place on 08/04/2022 and involved a total price of $4,425,000. The property comprises five units with an average price per unit of $885,000. Spanning across 5,070 square feet, the property equates to a price per square foot of $872.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,425,000
  • Address: 65 West 83rd Street
  • Market: Upper West Side

In this transaction, Alex Lein acted as the buyer, while Karl Slovin represented the seller. The deal was successfully closed with a sales price of $4,425,000. The property consists of five units, making it an attractive investment opportunity. The property's size covers 5,070 square feet, providing ample space for occupants. With a price per square foot of $872, this transaction reflects the value of properties in the desirable Upper West Side market.

Players

2 deals$10.8M volume
BUYER

Details

SOLD
IMAGE: 08/04/2022 ADDRESS: 65 West 83rd Street MARKET: Upper West Side ASSET TYPE: Multifamily BUYER: Alex Lein SELLER: Karl Slovin SALE PRICE: $4,425,000 UNITS: 5 ~ PPU: $885,000 SF: 5,070 ~ PPSF: $872

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18