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
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