facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

247 E 117th St New York, NY...

Assembly OSM Acquires Development Site In East Harlem From HAP Investments For $4.1M
SOLDDevelopment Site

Assembly OSM Acquires Development Site In East Harlem From HAP Investments For $4.1M

247 E 117th St New York, NY 10035, USA

$4,125,000

Building Size

Asset Type

Development Site

Closing

May 17, 2023

AI

Assembly OSM, represented by Andrew Staniforth, acquired a development site in East Harlem, Manhattan. The property, located at 247 East 117th Street, was purchased from HAP Investments for a total price of $4.1 million. Eran Polack acted as the representative for HAP Investments in the transaction.

Summary of transaction details

The acquisition of the development site was completed by Assembly OSM, with Andrew Staniforth as their representative. HAP Investments, represented by Eran Polack, sold the property to Assembly OSM for a total of $4.1 million.

Players

Andrew Staniforth

Assembly OSM

Buyer

$4.1M

vol

1 deal

Buyer
H
HAPInvestmentsBuyer
Eran Polack

Eran Polack

HAPInvestments

Seller

$586.9M

vol

4 deals

Seller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93