Tavares Strachen Acquires Multifamily In Harlem For $1.9M
12 West 127th Street, New York, NY 10027, USA
$1,938,000
$538/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Sep 24, 2021
AI
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.
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
8.19%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93