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Cynthia Fernandez Lumerman Purchases East Harlem Multifamily Property For $4,550,000 From David Worcester Sinclair And Lisa A. Chapman
SOLD
$4,550,000
New York
See Similar DealsMultiFamily2,784 SF
Sold 05/12/2026
SOLD
Cynthia Fernandez Lumerman Purchases East Harlem Multifamily Property For $4,550,000 From David Worcester Sinclair And Lisa A. Chapman
101 East 101st Street
See Similar DealsMultiFamily2,784 SF
Sold 05/12/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,634
Total Square Footage:2,784 SF
Transaction Type:Sale
A multifamily property located at 101 East 101st Street in East Harlem, Manhattan has been sold for $4,550,000. The property spans 2,784 square feet, resulting in a sale price of $1,634 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,550,000
- Buyer: Cynthia Fernandez Lumerman
- Seller: David Worcester Sinclair & Lisa A. Chapman
- Square Footage: 2,784
- Price Per Square Foot: $1,634
- Market: East Harlem, Manhattan
The transaction involved Cynthia Fernandez Lumerman acquiring the property from sellers David Worcester Sinclair and Lisa A. Chapman. This deal reflects a significant investment in the East Harlem area, highlighting the ongoing interest in multifamily assets in Manhattan.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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