Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,115,000
$487/SF
MultiFamily
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Players
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