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

Property Image
SOLD
$2,115,000
Mark Anderson
Victor Sozio
SS

New York

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MultiFamily4,335 SF
Sold 02/02/2023
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Property Image
SOLD

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

117 West 111th Street

See Similar Deals
MultiFamily4,335 SF
Sold 02/02/2023
Mark Anderson
Victor Sozio
SS
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:4,335 SF
Transaction Type:Sale

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
Victor Sozio
111 deals$2.3B volume
BROKER
Mark Anderson
Ariel Property Advisors
Mark Anderson
13 deals$108.3M volume
BROKER
SS
Sam Strauss
2 deals$4.2M volume
BUYER

Details

SOLD
IMAGE: Sam Strauss, Victor Sozio & Mark Anderson DATE: 02/02/2023 ADDRESS: 117 West 111th Street MARKET: Central Harlem ASSET TYPE: Multifamily BUYER: LS Acquisitions - Sam Strauss SELLER: Ilan Kohn BROKERS: Victor Sozio & Mark Anderson (@Marko__Alpha) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $2,115,000 SF: 4,335 ~ PPSF: $488

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,514.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,026.18
Annual Debt Service$120,314.15