Tavares Strachen Acquires Multifamily In Harlem For $1.9M
SOLD
$1,938,000
New York
See Similar DealsMultiFamily3,600 SF
Sold 09/24/2021
SOLD
Tavares Strachen Acquires Multifamily In Harlem For $1.9M
12 West 127th Street, New York, NY 10027, USA
See Similar DealsMultiFamily3,600 SF
Sold 09/24/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$538
Total Square Footage:3,600 SF
Transaction Type:Sale
A multifamily property located at 12 West 127th Street in Harlem has been sold for a price of $1,938,000. The property consists of 3 units with a total square footage of 3,600. The price per unit is $646,000, and the price per square foot is $538.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,938,000
- Address: 12 West 127th Street
- Market: Harlem
The buyer of the property is Tavares Strachen, and the seller is Warren Henry & Michele Henry. The broker involved in the sale is Stanley Montfort from Leslie J. Garfield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,360.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,885.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,187.11
Annual Debt Service$110,245.30
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