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270 W 96 St, New York City,...

Updated Dec 19, 2023

Harold Fetner Acquires Office Building In Upper West Side, Manhattan For $16.8M
SOLDOffice

Harold Fetner Acquires Office Building In Upper West Side, Manhattan For $16.8M

270 W 96 St, New York City, New York 10025, United States

$16,822,500

$2,525/SF

Building Size

6,660 SF

Asset Type

Office

Closing

Dec 15, 2021

About this deal

AI

The office property located at 270 West 96 Street in the Upper West Side of Manhattan has been sold in a closed transaction. The property is zoned as R10A and has a lot size of 2,850 square feet, with dimensions measuring 28.25 ft x 100.67 ft.

Summary of transaction details

  • Property Type: Office
  • Sale Date: 12/16/2021
  • Address: 270 West 96 Street
  • Market: Upper West Side, Manhattan
  • Buyer: Harold Fetner
  • Seller: Joseph L Hughes
  • Sale Price: $16,822,500
  • Building Square Footage (BSF): 28,500
  • Price per BSF: $590
  • Total Square Footage (SF): 6,660
  • Price per SF: $2,526
  • Floor Area Ratio (FAR): 2.34
  • Tax Class: 4
  • Last Sale Price: $0

The buyer, Harold Fetner, acquired the property from Joseph L Hughes. The transaction price was $16,822,500, with a building square footage of 28,500 and a total square footage of 6,660. The price per building square footage was $590, and the price per square footage was $2,526. The property is zoned as R10A and has a floor area ratio of 2.34. The tax class assigned to the property is 4. The lot size is 2,850 square feet, with dimensions measuring 28.25 ft x 100.67 ft.

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New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $2.5K per square foot on a published $16.8M for 6,660 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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