Sapphire Acquisitions Acquires Mixed-use Property On East 125th Street For $6M
SOLD
New York
See Similar DealsMixed-use17,968 SF
Sold 09/08/2022
SOLD
Sapphire Acquisitions Acquires Mixed-use Property On East 125th Street For $6M
61 East 125th Street
See Similar DealsMixed-use17,968 SF
Sold 09/08/2022
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
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
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