Heights Club RUUM LLC Acquires Mixed-Use SRO Multifamily In Harlem For $1.29M
719 St Nicholas Ave, New York, NY 10031, USA
Building Size
5,260 SF
Asset Type
Mixed-use
Closing
Nov 26, 2017
About this deal
AI
The property at 719 Saint Nicholas Avenue in Harlem, New York, has been sold in a closed transaction. The mixed-use SRO multifamily asset was purchased for a price of $1,290,000. Spanning across 5,260 square feet, the property was sold at a rate of $245 per square foot.
Summary of transaction details
- Property Type: Mixed-Use SRO Multifamily
- Transaction Amount: $1,290,000
The seller of the property was 719 St. Nicholas LLC, while the buyer was Heights Club RUUM LLC. The deal was facilitated by ONE Commercial Realty Services, represented by their brokers Josh Lipton and Andrew Levine.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93