Alex Lein Acquires Multifamily Property On Upper West Side For $4.4M
65 West 83rd Street, New York City, New York 10024, United States
$4,425,000
$872/SF
Building Size
5,070 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
The multifamily property located at 65 West 83rd Street in the Upper West Side of the market has been sold for a total price of $4,425,000. The property consists of five units, resulting in a per unit price of $885,000. With a total area of 5,070 square feet, the price per square foot is approximately $872.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,425,000
- Address: 65 West 83rd Street
- Market: Upper West Side
- Buyer: Alex Lein
- Seller: Karl Slovin
- Units: 5
- Price Per Unit: $885,000
- Total Area: 5,070 square feet
- Price Per Square Foot: $872
In this transaction, Alex Lein acted as the buyer while Karl Slovin represented the seller.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.58%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93