Updated Oct 29, 2024
LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.1M
117 West 111th Street
$2,115,000
$487/SF
Building Size
4,335 SF
Asset Type
MultiFamily
Closing
Feb 2, 2023
About this deal
AI
The recently sold property is located at 117 West 111th Street in Central Harlem. It is a multifamily asset.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,115,000
- Square Footage: 4,335
- Price per Square Foot: $488
- Address: 117 West 111th Street, Central Harlem
The buyer of the property is LS Acquisitions, represented by Sam Strauss. The seller of the property is Ilan Kohn. The brokers involved in the transaction are Victor Sozio and Mark Anderson, who are from Ariel Property Advisors.
On the Map
$2,115,000
$487/SF
MultiFamily
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New York 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
7.50%
Cash-on-Cash
-2.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93