Samuel Hartstein Of Gemstone Realty Group LLC Represents Seller Braun Family In $6.995M Multifamily Sale On Mount Hope Place In New York City
SOLD
$6,995,000
New York
See Similar DealsMultiFamily46,000 SF
Sold 03/01/2023
SOLD
Samuel Hartstein Of Gemstone Realty Group LLC Represents Seller Braun Family In $6.995M Multifamily Sale On Mount Hope Place In New York City
110 Mount Hope Place
See Similar DealsMultiFamily46,000 SF
Sold 03/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$152
Total Square Footage:46,000 SF
Transaction Type:Sale
The multifamily property located at 110 Mount Hope Place in New York City has been sold for a total price of $6,995,000. The property, owned by the Braun Family, consists of 54 units with an average price per unit of $129,537. The total square footage of the property is 46,000, with an average price per square foot of $152.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,995,000
- Units: 54
- Price Per Unit: $129,537
- Total Square Footage: 46,000
- Price Per Square Foot: $152
The sale of the property was facilitated by Samuel Hartstein of Gemstone Realty Group LLC, representing the seller, the Braun Family. Samuel Hartstein acted as the broker in the transaction, ensuring a successful deal for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,851.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,159.87
Annual Debt Service$397,918.42
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