Investment group pays $5M to Deborah J. Brill for property in the Upper West Side

A group including Matthew Melymuka paid Deborah J. Brill’s Debrill Realty 81, LLC $5.0 million for 164 West 81st Street in the Upper West Side. The deal closed on October 31, 2019, and was recorded on November 6, 2019. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 8 residential units. The property is 3,764 square feet. The parcel(s) have total development potential of 7,673 square feet.
The average sale price per square foot is $653.
The estimated cap rate is 5.6%
The last time the property sold was November 15, 2010, for $4,250,000.

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