PH Realty Capital Acquires Mixed-Use Property On 545 W. 125th St. In West Harlem
545 W 125th St, Manhattan, New York, NY, USA
$6,150,000
$208/SF
Building Size
29,436 SF
Asset Type
Mixed-use
Closing
Jan 14, 2021
About this deal
AI
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.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Seth Levine to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93