Updated Oct 29, 2024
Yosef Beer Acquires Development Site In Central Harlem For $1.9M
81 W 118th St, New York, NY 10026, USA
$1,900,000
$42/SF
Building Size
44,800 SF
Asset Type
Development Site
Closing
Aug 17, 2020
About this deal
AI
A development site located at 81 West 118th Street in Central Harlem has been sold for a price of $1,900,000. The property has a building square footage (BSF) of 4,480 and a price per BSF (PPBSF) of $424.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $1,900,000
- BSF: 4,480
- PPBSF: $424
- Address: 81 West 118th Street
- Market: Central Harlem
The buyer of the property is Yosef Beer, and the seller is Albert Rabizadeh from Global Asset Management. The deal was facilitated by Mark Anderson and Victor Sozio from ArielPA.NYC.
On the Map
$1,900,000
$42/SF
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93