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Sapphire Acquisitions Acquires Mixed-use Property On East 125th Street For $6M

Property Image
SOLD
$6,000,000
Ben Khakshoor
Aaron Jungreis
+ 1

New York

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Mixed-use17,968 SF
Sold 09/08/2022
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Property Image
SOLD

Sapphire Acquisitions Acquires Mixed-use Property On East 125th Street For $6M

61 East 125th Street

See Similar Deals
Mixed-use17,968 SF
Sold 09/08/2022
Ben Khakshoor
Aaron Jungreis
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$333
Total Square Footage:17,968 SF
Transaction Type:Sale

This mixed-use property is located at 61-63 East 125th Street in East Harlem, Manhattan. The asset was sold for a total of $6,000,000, with a total square footage of 17,968, resulting in a price per square foot of $333.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Address: 61-63 East 125th Street
  • Market: East Harlem, Manhattan
  • Buyer: Sapphire Acquisitions - Duc Hoang
  • Seller: Brian Shatz
  • Broker Representatives: Aaron Jungries, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
  • Square Footage: 17,968
  • Price per Square Foot: $333

The transaction involved Duc Hoang representing Sapphire Acquisitions as the buyer, while Brian Shatz was the seller in this deal. The brokers facilitating the transaction were Aaron Jungries, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
132 deals$1.9B volume(212) 359-9913
BROKER

Alex Fuchs
Rosewood Realty Group
100 deals$1.9B volume
BROKER

Details

SOLD
IMAGE: Aaron Jungries, Ben Khakshoor & Alex Fuchs DATE: 09/08/2022 ADDRESS: 61-63 East 125th Street MARKET: East Harlem, Manhattan ASSET TYPE: Mixed-use BUYER: Sapphire Acquisitions - Duc Hoang SELLER: Brian Shatz BROKERS: Aaron Jungries, Ben Khakshoor (@BenKhak) & Alex Fuchs (@AlexFuchs1) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $6,000,000 SF: 17,968 ~ PPSF: $333

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73