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127 West 112th Street

David Herrera Acquires Condo On 112th Street From NY Park Holding For $1.73M
SOLDCondo

David Herrera Acquires Condo On 112th Street From NY Park Holding For $1.73M

127 West 112th Street

$1,730,000

$1,426/SF

Building Size

1,213 SF

Asset Type

Condo

Closing

Mar 26, 2024

AI

The property at 127 West 112th Street in South Harlem, Manhattan, is a condo with a sale price of $1,730,000. The asset spans 1,213 square feet, amounting to a price per square foot of $1,426. The transaction took place on 03/26/2024, with NY Park Holding as the seller and David Herrera as the buyer. The deal was facilitated by Adam Hakimian and Jason Warner of Real New York.

Summary of transaction details:

The Hakimian Team, comprising Adam Hakimian and Jason Warner, successfully concluded their second transaction of 2024 within the Parc North building, which they exclusively represent. They specialize in landlord representation and leasing/selling apartments across various neighborhoods in New York City including Manhattan, Brooklyn, Harlem, and Queens.

Players

Adam Hakimian

Real New York

Broker

$30.6M

vol

9 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.17%

Cash-on-Cash

-2.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93