PH Realty Capital Acquires Mixed-Use Property On 545 W. 125th St. In West Harlem
SOLD
$6,150,000
+ 1
New York
See Similar DealsMixed-use29,436 SF
Sold 01/15/2021
SOLD
PH Realty Capital Acquires Mixed-Use Property On 545 W. 125th St. In West Harlem
545 W 125th St, Manhattan, New York, NY, USA
See Similar DealsMixed-use29,436 SF
Sold 01/15/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$208
Total Square Footage:29,436 SF
Transaction Type:Sale
Located at 545 W. 125th St., in the market of West Harlem, a mixed-use property was recently sold. The transaction took place on January 15, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $6,150,000
- Square Footage: 29,436 SF
- Price per Square Foot: $209
- Number of Units: 52
- Price per Unit: $118,000
- Capitalization Rate: 7.5%
- Gross Rent Multiplier: 7.3x
The buyer in this transaction was PH Realty Capital, represented by Peter Hungerford. The seller was Chosen Realty, represented by Jeffrey Farkas. The deal was facilitated by brokers Amit Doshi and Seth Levine, from the Meridian Capital Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$328,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65
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