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145 West 88th Street, Manha...

Douglas Elliman Represents Buyer In $5.5M Sale Of Upper West Side SFR
SOLDSingle Family Residence

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

Steffen Kral

Compass

Broker

$11.4M

vol

2 deals

Broker

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