Douglas Elliman Represents Buyer In $5.5M Sale Of Upper West Side SFR
145 West 88th Street, Manhattan, New York, NY, USA
$5,500,000
$1,497/SF
Building Size
3,674 SF
Asset Type
Single Family Residence
Closing
Jul 28, 2021
AI
Located at 145 West 88th Street in the Upper West Side, this single-family residential property was recently sold in a closed transaction. The property, zoned as R7-2, is a SFR (Single-Family Residential) asset. It features a total of 3,674 square feet and sits on a lot size of 1,717 square feet.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,500,000
- Market: Upper West Side
The buyer was represented by Steffen Kral from Douglas Elliman, while the seller was represented by Carol Levy from Carol E. Levy Real Estate. The sale price for this property was $5,500,000, resulting in a price per square foot (PPSF) of $1,497. The building has a building square footage (BSF) of 5,906, translating to a price per buildable square foot (PPBSF) of $931. The last recorded sale for this property was on September 9, 2015, with a sale price of $6,200,000.
The property benefits from a floor area ratio (FAR) of 2.14 and falls under tax class 1. The lot dimensions are 17 feet by 100.67 feet. Additionally, on December 21, 2004, permits were issued for an alteration of type 3 for this property.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93