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Roy Moussaeiff Acquires Development Site In New York For $2.03M

Property Image
SOLD
$2,100,000
Scott Heller
Louis "Lou" Moskowitz
MZ

New York

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Development Site10,092 SF
Sold 08/24/2019
the dealplayerscompscontact
Property Image
SOLD

Roy Moussaeiff Acquires Development Site In New York For $2.03M

221 East 117th Street, New York, NY 10035

See Similar Deals
Development Site10,092 SF
Sold 08/24/2019
Scott Heller
Louis "Lou" Moskowitz
MZ
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$208
Total Square Footage:10,092 SF
Transaction Type:Sale

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

Louis "Lou" Moskowitz
Louis Moskowitz
3 deals$28.1M volume(917) 671-6844
BROKER
Scott Heller
Scott Heller
3 deals$20.9M volume
BROKER
MZ
Michael Zacharias
3 deals$69.4M volume
SELLER

Details

SOLD
IMAGE: Scott Heller, Stephen Weber, Lou Moskowitz DATE:  08/24/2019 ADDRESS: 221 East 117th Street MARKET: New York ASSET TYPE: Development Site BUYER: Roy Moussaeiff SELLER: Michael Zacharias SELLER’S REP: Scott Heller, Steve Weber, Lou Moskowitz - The Heller Organization BUYER’S REP: Matt Mulakand - Conquest Realty SALE PRICE: $2,025,000 BSF: 10,092 ~ PPBSF: $200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86