Sun Management Acquires Hamilton Heights Multifamily For $5.1M
SOLD
$5,100,000
California
See Similar DealsMultiFamily250,930 SF
Sold 06/15/2020
SOLD
Sun Management Acquires Hamilton Heights Multifamily For $5.1M
400 W 153 St, New York, Ny 10031, Usa
See Similar DealsMultiFamily250,930 SF
Sold 06/15/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$20
Total Square Footage:250,930 SF
Transaction Type:Sale
The multifamily property located at 400 W. 153rd St in Hamilton Heights has been sold for $5,100,000. Spanning across 25,093 square feet, the property consists of 24 units, resulting in a price per square foot of $203. The transaction was completed at a 5.2% capitalization rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Square Footage: 25,093
- Price Per Square Foot: $203
- Number of Units: 24
- Price Per Unit: $204,000
- Seller: Maurice Mann – Mann Realty Associates
- Buyer: Ivan & Danielle Sun – Sun Management
- Brokers: Amit Doshi & Shallini Mehra – Meridian Capital Group
Amit Doshi and Shallini Mehra from Meridian Capital Group represented both the buyer, Ivan & Danielle Sun from Sun Management, and the seller, Maurice Mann from Mann Realty Associates, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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