Michael Benoit & Rose Benoit Acquire Condo In Hamilton Heights For $695,000
529 West 147th Street, #1B
$695,000
$640/SF
Building Size
1,086 SF
Asset Type
—
Closing
May 9, 2022
About this deal
AI
The condominium located at 529 West 147th Street in Hamilton Heights has been sold in a recent transaction. The asset, a condo, has a total area of 1,086 square feet. The sale price for the property was $695,000, resulting in a price per square foot of $639.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $695,000
- Date: 05/10/2022
- Address: 529 West 147th Street, Hamilton Heights
- Buyer: Michael Benoit & Rose Benoit
- Seller: Riverside Parc Condominium
- Broker: Adam Feinberg - Elegran Real Estate
- Buyer's Realtor: Jonathan Robert - HHRE
During the transaction, Jonathan Robert from HHRE represented the buyer, Michael Benoit, and Rose Benoit. Adam Feinberg, from Elegran Real Estate, served as the broker for the sale. This deal showcases the collaboration between the buyer, seller, and their respective representatives in successfully completing the transaction.
Players
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
22.82%
Cash-on-Cash
-6.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93