Seaman Bahman Capital, LLC Acquires MultiFamily Property From Sugar Hill Capital Partners
SOLD
$15,800,000
New York
See Similar DealsMultiFamily
Sold 09/01/2015
SOLD
Seaman Bahman Capital, LLC Acquires MultiFamily Property From Sugar Hill Capital Partners
125 Seaman Ave, New York, NY, 10034
See Similar DealsMultiFamily
Sold 09/01/2015
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in the transaction is a MultiFamily asset located at 125 Seaman Ave, New York, NY, 10034. The property was sold for $15,800,000.00 in a deal that took place on 09/01/2015 in the New York market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $15,800,000.00
- Buyer: Seaman Bahman Capital, LLC
- Seller: Sugar Hill Capital Partners
- Buyer's Representative: Robert (Rob) Shapiro (CBRE)
The buyer, Seaman Bahman Capital, LLC, was represented by Robert (Rob) Shapiro from CBRE in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$842,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,134.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,900.06
Annual Debt Service$898,800.73
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