Alex Lein Acquires Multifamily Property On Upper West Side For $4.4M
SOLD
New York
See Similar DealsMultiFamily5,070 SF
Sold 08/04/2022
SOLD
Alex Lein Acquires Multifamily Property On Upper West Side For $4.4M
65 West 83rd Street, New York City, New York 10024, United States
See Similar DealsMultiFamily5,070 SF
Sold 08/04/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$872
Total Square Footage:5,070 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,721.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,976.76
Annual Debt Service$251,721.09
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