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66 West 87th Street, New Yo...

Robert H. Zeldin Acquires Miscellaneous Property In Upper West Side, Manhattan
SOLDOther

Robert H. Zeldin Acquires Miscellaneous Property In Upper West Side, Manhattan

66 West 87th Street, New York City, New York 10024, United States

$5,167,500

$1,118/SF

Building Size

4,622 SF

Asset Type

Other

Closing

Jan 12, 2022

AI

The property involved in this transaction is located at 66 West 87 Street in the Upper West Side of Manhattan. The property is classified as Miscellaneous and has a zoning designation of C1-9 and EC-2. The transaction took place on January 13, 2022.

Summary of transaction details:

  • Property Type: Miscellaneous
  • Transaction Amount: $5,167,500
  • Address: 66 West 87 Street
  • Market: Upper West Side, Manhattan
  • Buyer: Robert H. Zeldin
  • Seller: Richard Hall

The property has a building square footage (BSF) of 16,160 and a price per BSF (PPBSF) of $319. The total square footage (SF) of the property is 4,622, with a price per square footage (PPSF) of $1,118. The floor area ratio (FAR) of the property is 2.86, and the tax class is 1.

The lot size of the property is 1,616, and it has a permit for alteration 3, dated March 10, 2014. The lot dimensions are 16 feet by 100.67 feet.

Players

Richard Hall

Seller

$13.3M

vol

3 deals

Seller

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

3.07%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93