Updated Dec 19, 2023
Jeff Beal Acquires SFR On Upper West Side For $10.25M
324 West 80th Street, Manhattan, New York, NY, USA
$10,250,000
$1,727/SF
Building Size
5,935 SF
Asset Type
Single Family Residence
Closing
May 4, 2021
About this deal
AI
The property at 324 West 80th Street, located in the Upper West Side of Manhattan, was recently sold in a closed transaction. The Single-family residential (SFR) property is zoned as R10A, offering potential for development or renovation. The sale took place on May 5, 2021, with a significant transaction amount of $10,250,000. The property spans a total of 5,935 square feet and has a price per square foot (PPSF) of $1,727. The building has a total floor area of 15,870 square feet, resulting in a price per buildable square foot (PPBSF) of $645. The property has a floor area ratio (FAR) of 3.74, indicating its development potential. The lot size is 1,568 square feet, with dimensions measuring 24 feet by 64.17 feet. The property falls under tax class 1 and has undergone an alteration type 2 permit on August 1, 2019.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,250,000
- Market: Upper West Side, Manhattan
- Zoning: R10A
- Price per Square Foot (PPSF): $1,727
- Building Square Footage (BSF): 15,870
- Price per Buildable Square Foot (PPBSF): $645
- Lot Size: 1,568 square feet
- Floor Area Ratio (FAR): 3.74
- Tax Class: 1
- Permits: Alteration type 2 (08/01/2019)
- Lot Dimensions: 24 ft x 64.17 ft
Jeff Beal is the buyer of the property, while Jane Corbett Flusser is the seller. They were represented by their respective brokers in this transaction.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $10.3M for 5,935 square feet (2021).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93