Sapphire Acquisitions Acquires Mixed-use Property On East 125th Street For $6M
61 East 125th Street
$6,000,000
$333/SF
Building Size
17,968 SF
Asset Type
Mixed-use
Closing
Sep 8, 2022
About this deal
AI
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.
On the Map
$6,000,000
$333/SF
Mixed-use
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Players
Olathe Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93