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211 Central Park West, New ...

Taconic Partners Acquires Co-op On Upper West Side For $10.5M
SOLDOther

Taconic Partners Acquires Co-op On Upper West Side For $10.5M

211 Central Park West, New York, NY, USA

$17,200,000

Building Size

Asset Type

Other

Closing

Aug 25, 2021

AI

The co-op located at 15 West 81st Street in the Upper West Side has been sold for a price of $10,500,000. The transaction took place on November 14, 2022. The property was purchased by Taconic Partners, represented by Karyn & Charles Bendit. The seller of the co-op was Clara Bingham. This property is a notable asset in the Upper West Side market.

Summary of transaction details

  • Property Type: Co-op
  • Transaction Amount: $10,500,000
  • Address: 15 West 81st Street
  • Market: Upper West Side

Taconic Partners, represented by Karyn & Charles Bendit, successfully acquired the co-op located at 15 West 81st Street. Clara Bingham acted as the seller in this transaction. The deal signifies a significant investment opportunity in the Upper West Side market.

Players

Taconic Partners
Taconic PartnersBuyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93