Elite Investigations Acquires Mixed-Use Property In Manhattan's East Harlem For $2.1M
SOLD
$2,100,000
New York
See Similar DealsMixed-use38,850 SF
Sold
SOLD
Elite Investigations Acquires Mixed-Use Property In Manhattan's East Harlem For $2.1M
352 E 116th St, New York, NY 10029, USA
See Similar DealsMixed-use38,850 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$54
Total Square Footage:38850 SF
Transaction Type:Sale
The mixed-use property located at 352 East 116th Street in Manhattan's East Harlem neighborhood has been sold in a closed transaction. The property spans a total of 3,885 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $540.54. The sale was accompanied by a capitalization rate of 5.46%.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Square Footage: 3,885
- Price Per Square Foot: $540.54
- Capitalization Rate: 5.46%
The buyer of the property is Elite Investigations, represented by Joseph Saponaro. On the other hand, the seller is Anibal Gomez. The transaction was facilitated by the brokers Matt Fotis and Robert Aaron from Marcus & Millichap, along with Josh Nazar from VCPRE.
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Deal Type
30 years
10 years
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
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