LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.1M
SOLD
$2,115,000
New York
See Similar DealsMultiFamily4,335 SF
Sold 02/02/2023
SOLD
LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.1M
117 West 111th Street
See Similar DealsMultiFamily4,335 SF
Sold 02/02/2023
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.
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Deal Type
30 years
10 years
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
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