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117 West 111th Street

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

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

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.

Players

Victor Sozio

Ariel Property Advisors

Broker

$2.3B

vol

111 deals

Broker

Sam Strauss

LS Acquisitions

Buyer

$4.2M

vol

2 deals

Buyer

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