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AK Properties Group Sells East Harlem Development Site For $24M With Seller's Rep Scott A. Dweck & Zach Mishaan

Property Image
SOLD
$24,000,000

New York

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Development Site246,000 SF
Sold 11/05/2021
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Property Image
SOLD

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

See Similar Deals
Development Site246,000 SF
Sold 11/05/2021
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$97
Total Square Footage:246,000 SF
Transaction Type:Sale

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

Zachary (Zach) Mishaan
6 deals$98.8M volume
BROKER

Scott Dweck
Latitude Property Group
16 deals$291.5M volume
BROKER

Details

SOLD
IMAGE: Scott Dweck & Zach Mishaan DATE: 11/05/2021 ADDRESS: 2005-2113 Third Avenue, 207-209 East 110th Street & 210 East 111th Street MARKET: East Harlem ASSET TYPE: Development Site 🏗 SELLER: AK Properties Group BROKERS: Scott A. Dweck - Latitude Property Group & Zach Mishaan - DRWAG Realty SALE PRICE: $24,000,000 BSF: 246,000 ~ PPBSF: $98

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$85,266.94
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