Jim Zweig Acquires Multifamily Property On Upper West Side For $3.1M
60 West 91st Street
$3,100,000
$527/SF
Building Size
5,878 SF
Asset Type
MultiFamily
Closing
Mar 28, 2021
AI
A multifamily property located at 60 West 91st Street in the Upper West Side neighborhood was recently sold for $3,100,000. The property spans 5,878 square feet, resulting in a price per square foot of $551. The transaction took place on 03/29/2021 and involved the buyer, Jim Zweig, and the seller, Kim Mortimer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 60 West 91st Street
- Market: Upper West Side
- Zoning: R7-2
- Buyer: Jim Zweig
- Seller: Kim Mortimer
- Brokers: Greg Corbin & Aaron Kline - Rosewood Realty Group; Richard Maltz - @Maltz_Auctions
The deal was facilitated by the brokers Greg Corbin, Aaron Kline from Rosewood Realty Group, and Richard Maltz from Maltz Auctions.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93