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60 West 91st Street

Jim Zweig Acquires Multifamily Property On Upper West Side For $3.1M
SOLDMultiFamily

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:

The deal was facilitated by the brokers Greg Corbin, Aaron Kline from Rosewood Realty Group, and Richard Maltz from Maltz Auctions.

Players

Aaron Kline

Rosewood Realty Group

Broker

$79.3M

vol

6 deals

Broker

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