Roy Moussaeiff Acquires Development Site In New York For $2.03M
221 East 117th Street, New York, NY 10035
$2,100,000
$208/SF
Building Size
10,092 SF
Asset Type
Development Site
Closing
Aug 23, 2019
AI
The development site located at 221 East 117th Street in New York has been sold for a price of $2,025,000. The property spans a total square footage of 10,092, resulting in a price per square foot of $200. The transaction took place on August 24, 2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,025,000
- Address: 221 East 117th Street
- Market: New York
- Buyer: Roy Moussaeiff
- Seller: Michael Zacharias
- Seller's Representative: Scott Heller, Steve Weber, Lou Moskowitz - The Heller Organization
- Buyer's Representative: Matt Mulakand - Conquest Realty
- BSF: 10,092
- PPBSF: $200
Scott Heller, Steve Weber, and Lou Moskowitz of The Heller Organization represented the seller in this transaction. Matt Mulakand of Conquest Realty served as the representative for the buyer, Roy Moussaeiff.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93