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117 West 111th Street

LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.12M
SOLDMultiFamily

LS Acquisitions Acquires Multifamily Property In Central Harlem For $2.12M

117 West 111th Street

$2,115,000

$487/SF

Building Size

4,335 SF

Asset Type

MultiFamily

Closing

Feb 2, 2023

AI

117 West 111th Street, located in Central Harlem, was recently sold in a multifamily transaction. The property encompasses approximately 4,335 square feet and was sold for a price of $2,115,000, resulting in a price per square foot of $488.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,115,000
  • Square Footage: 4,335
  • Address: 117 West 111th Street
  • Market: Central Harlem

LS Acquisitions, represented by Sam Strauss, acquired the property from the seller, Ilan Kohn. The brokers involved in the transaction were Victor Sozio and Mark Anderson 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

Market 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