Esther Toporovsky Acquires Multifamily Property On Amsterdam Avenue In Manhattan Valley For $4.4M
929 Amsterdam Avenue, New York City, New York 10025, United States
$4,416,383
$443/SF
Building Size
9,968 SF
Asset Type
MultiFamily
Closing
Oct 12, 2021
AI
A multifamily property located at 929 Amsterdam Avenue in Manhattan Valley has been sold for a price of $4,416,383. The property has a building square footage (BSF) of 16,001, with a price per BSF (PPBSF) of $276. The total square footage (SF) of the property is 9,968, with a price per SF (PPSF) of $443. The property sits on a lot with a size of 2,658 square feet and has a tax class of 2. The previous sale of the property took place on February 17, 2012, for a price of $3,256,384. The property underwent an alteration permit on April 5, 2016.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,416,383
- Market: Manhattan Valley
- Zoning: R8A, C2-5
Esther Toporovsky has acquired the property from Meyer Orbach. The sale was brokered by Meyer Orbach's representative. The property has a floor area ratio (FAR) of 3.75. The lot dimension is 26.58 ft x 100 ft.
Players
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
3.59%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93