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Juliet Newman, Deepika Sharma, Kevin O’Sullivan, & Yotam Amit Acquire Multifamily Property On West 131st Street In Harlem For $3.45M

Property Image
SOLD
$3,450,000
Tamara Marotta
Stanley Montfort

New York

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MultiFamily4,220 SF
Sold 12/15/2021
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Property Image
SOLD

Juliet Newman, Deepika Sharma, Kevin O’Sullivan, & Yotam Amit Acquire Multifamily Property On West 131st Street In Harlem For $3.45M

102 West 131st Street, New York City, New York 10027, United States

See Similar Deals
MultiFamily4,220 SF
Sold 12/15/2021
Tamara Marotta
Stanley Montfort
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$817
Total Square Footage:4,220 SF
Transaction Type:Sale

A multifamily property located at 102 West 131st Street in Harlem has been sold for a total price of $3,450,000. The property consists of 2 units, with a price per unit of $1,725,000. The total square footage of the property is 5,543, resulting in a price per square foot of $622.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,450,000
  • Address: 102 West 131st Street
  • Market: Harlem
  • Units: 2
  • Price per Unit: $1,725,000
  • Total Square Footage: 5,543
  • Price per Square Foot: $622

The buyers in this transaction are Juliet Newman, Deepika Sharma, Kevin O'Sullivan, and Yotam Amit. The seller's representative is Tamara Marotta from Corcoran. The buyer's representative is Stanley Montfort from EXP Realty NYC.

Players

Stanley Montfort
Serhant
Stanley Montfort
5 deals$13M volume(908) 414-6006
BROKER
Tamara Marotta
The Corcoran Group
Tamara Marotta
2 deals$7.7M volume
BROKER

Details

SOLD
IMAGE: Stanley Montfort DATE: 12/15/2021 ADDRESS: 102 West 131st Street MARKET: Harlem ASSET TYPE: Multifamily BUYER: Juliet Newman, Deepika Sharma, Kevin O’Sullivan, & Yotam Amit BUYER REP: Stanley Montfort (@UptownBrownstones) - EXP Realty NYC SELLER REP: Tamara Marotta - Corcoran (@TheCorcoranGroup) SALE PRICE: $3,450,000 UNITS: 2 ~ PPU: $1,725,000 SF: 5,543 ~ PPSF: $622

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

$184,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12