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David R Mashaal Acquires Multifamily Property In Upper West Side, Manhattan For $6.85M

56 West 87th Street
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This MultiFamily property located in NY was sold for $6,850,000 over 2 years ago. The brokers of the deal were Sophie Smadbeck and Richard (Rick) Pretsfelder

A multifamily property located at 56 West 87th Street in the Upper West Side of Manhattan has been sold in a recent transaction. The property is zoned as R7-2 and has a lot size of 2,014 square feet. It underwent an alteration type 3 permit in August 2013 and has dimensions of 20 feet by 100.67 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,850,000
  • Buyer: David R Mashaal
  • Seller: Alan Zimmermann
  • Brokers: Sophie Smadbeck & Ricahrd Pretsfelder
  • BSF (Building Square Footage): 6,928
  • PPBSF (Price per Building Square Foot): $988
  • SF (Lot Square Footage): 6,364
  • PPSF (Price per Lot Square Foot): $1,076
  • FAR (Floor Area Ratio): 3.16
  • TAX CLASS: 1

The deal was facilitated by brokers Sophie Smadbeck and Ricahrd Pretsfelder, representing the buyer and seller respectively. The property was sold for a price of $6,850,000, with a building square footage of 6,928 and a lot square footage of 6,364. The transaction involved a multifamily asset in the Upper West Side market of Manhattan. David R Mashaal acted as the buyer, while Alan Zimmermann acted as the seller.

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Deals
  • Location
    56 West 87th Street, Manhattan, New York, NY, USA56 West 87th Street, Manhattan, New York, NY, USA
  • Sale Price
    $6,850,000$6,850,000
    $1,076 PPSF$1,076 PPSF
  • Area
    6,364 SF6,364 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Sophie Smadbeck

Sophie Smadbeck

Deals4
Sold$25.1M

Agency

Leslie Garfield

Leslie Garfield

Agency
Deals84
Volume$890.7M

Deal Summary

SALE IMAGE: Sophie Smadbeck & Ricahrd Pretsfelder DATE: 07/09/2021 ADDRESS: 56 West 87th Street MARKET: Upper West Side,Manhattan ASSET TYPE: Multifamily ~ ZONING: R7-2 BUYER: David R Mashaal SELLER: Alan Zimmermann BROKERS: Sophie Smadbeck & Ricahrd Pretsfelder PRICE: $6,850,000 BSF: 6,928 ~ PPBSF: $988 SF: 6,364 ~ PPSF: $1,076 FAR: 3.16 TAX CLASS: 1 LOT SIZE: 2,014 PERMITS: Alteration type 3 (08/08/2013) LOT DIMENSIONS: 20 ft x 100.67 ft

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56 West 87th Street

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