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
$6,995,000
$152/SF
Building Size
46,000 SF
Asset Type
MultiFamily
Closing
Mar 1, 2023
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93