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LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.1M

Property Image
SOLD
$2,115,000
Victor Sozio

New York

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MultiFamily4,335 SF
Sold 02/02/2023
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Property Image
SOLD

LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.1M

117 West 111th Street

See Similar Deals
MultiFamily4,335 SF
Sold 02/02/2023
Victor Sozio
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:4,335 SF
Transaction Type:Sale

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.

Players

Victor Sozio
111 deals$2.3B volume
BROKER

Mark Anderson
Ariel Property Advisors
13 deals$108.3M volume
BROKER

Details

SOLD
IMAGE: Sam Strauss, Victor Sozio & Mark Anderson DATE: 02/02/2023 ADDRESS: 117 West 111th Street MARKET: Central Harlem ASSET TYPE: Multifamily BUYER: LS Acquisitions - Sam Strauss SELLER: Ilan Kohn BROKERS: Victor Sozio & Mark Anderson (@Marko__Alpha) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $2,115,000 SF: 4,335 ~ PPSF: $488

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

$112,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,514.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,026.18
Annual Debt Service$120,314.15