AK Properties Group Sells East Harlem Development Site For $24M With Seller's Rep Scott A. Dweck & Zach Mishaan
210 East 111th Street, New York, NY 10029, USA
$24,000,000
$97/SF
Building Size
246,000 SF
Asset Type
Development Site
Closing
Nov 5, 2021
AI
A development site located at 2005-2113 Third Avenue, 207-209 East 110th Street, and 210 East 111th Street in East Harlem has been sold for a total price of $24,000,000. The property, asset type being a development site, spans a total area of approximately 246,000 square feet. The transaction was completed on November 5, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $24,000,000
- Market: East Harlem
- Address: 2005-2113 Third Avenue, 207-209 East 110th Street & 210 East 111th Street
The property was sold by AK Properties Group. The sale was facilitated by Scott A. Dweck from Latitude Property Group and Zach Mishaan from DRWAG Realty.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93