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Seaman Bahman Capital, LLC Acquires MultiFamily Property From Sugar Hill Capital Partners

Property Image
SOLD
$15,800,000

New York

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MultiFamily
Sold 09/01/2015
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Property Image
SOLD

Seaman Bahman Capital, LLC Acquires MultiFamily Property From Sugar Hill Capital Partners

125 Seaman Ave, New York, NY, 10034

See Similar Deals
MultiFamily
Sold 09/01/2015
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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.

Players

Robert (Rob) Shapiro
78 deals$882.9M volume(212) 984-8082
BROKER

Sugar Hill Capital Partners
SELLER

Details

SOLD
IMAGE: 09/01/2015 ADDRESS: 125 Seaman Ave, New York, NY, 10034 MARKET: New York ASSET TYPE: MultiFamily BUYER'S REP: Robert (Rob) Shapiro(CBRE) BUYER: Seaman Bahman Capital, LLC SELLER: Sugar Hill Capital Partners PRICE: $15,800,000.00

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Deal Type
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