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320 E 120th St, New York, N...

Jeff Huang Purchases Property At 320 E 120th St New York For $1.95M With Matt Gillis As Seller's Rep
SOLD

Jeff Huang Purchases Property At 320 E 120th St New York For $1.95M With Matt Gillis As Seller's Rep

320 E 120th St, New York, NY, 10035

$1,950,000

Building Size

Asset Type

Closing

Nov 20, 2023

AI

The property located at 320 E 120th St, New York, NY, 10035 was sold for a price of $1,950,000.00. The property is situated in the New York market and encompasses a square footage of 0.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $1,950,000.00
  • Address: 320 E 120th St, New York, NY, 10035
  • Market: New York
  • Seller's Representative: Matthew (Matt) Gillis - Ariel Property Advisors
  • Buyer: Jeff Huang
  • Seller: Not specified

This transaction involved Matthew (Matt) Gillis representing the seller through Ariel Property Advisors. On the buyer's side, Jeff Huang was the individual purchasing the property, contributing to the completion of this property transaction.

Players

Matthew Gillis

Ariel Property Advisors

Broker

$295M

vol

25 deals

Broker

Jeff Huang

Buyer

$8.9M

vol

2 deals

Buyer

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93