Sugar Hill Capital Partners Acquires Harlem Portfolio Apartments For $250M
SOLD
$250,000,000
New York
See Similar DealsMultiFamily5,046 SF
Sold 12/18/2018
SOLD
Sugar Hill Capital Partners Acquires Harlem Portfolio Apartments For $250M
120 West 112th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily5,046 SF
Sold 12/18/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$49,544
Total Square Footage:5,046 SF
Transaction Type:Sale
The property involved in this transaction is part of the Harlem Portfolio located at 120 West 112th Street in Harlem. It is an apartment asset and was sold for a price of $250,000,000.
Summary of transaction details:
- Property Type: Apartments
- Transaction Amount: $250,000,000
- Seller: Irving Langer - E&M Associates
- Buyer: Sugar Hill Capital Partners
- Broker: Steven Vegh - Westwood Realty Associates
- Date: 12/18/2018
- Market: Harlem
The seller in this transaction was Irving Langer, representing E&M Associates. The buyer was Sugar Hill Capital Partners. The broker responsible for the deal was Steven Vegh from Westwood Realty Associates.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$888,197.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,185,127.54
Annual Debt Service$14,221,530.53
Is there something missing? Send suggestions