Updated Oct 29, 2024
Daniel Pollak Acquires Multifamily Property In East Harlem For $5.35M
118 E 102nd St, New York, NY 10029, USA
$5,350,000
$59/SF
Building Size
89,700 SF
Asset Type
MultiFamily
Closing
May 21, 2019
About this deal
AI
The multifamily property located at 118 East 102nd Street in East Harlem has been sold in a closed transaction. The property spans 8,970 square feet and was listed with an asking price of $6,000,000. The sale price reached was $5,350,000, resulting in a price per square foot of $596.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Property Size: 8,970 square feet
- Market: East Harlem
- Seller: Bohlen Estate
- Buyer: Daniel Pollak
- Brokers: Robert Shapiro, Jordan Sutton, Robert Burton, Bobby Carrozzo @CushWake
The sale of the property was facilitated by brokers Robert Shapiro, Jordan Sutton, Robert Burton, and Bobby Carrozzo from the agency CushWake. This transaction marks a successful deal for both the seller, Bohlen Estate, and the buyer, Daniel Pollak. The details of the negotiation process and any financing arrangements involved were not disclosed in the available information.
Players
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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93