Updated Sep 9, 2024
Henry Jacobs Sells Multifamily Property On Centre Street In New York City
16-12 Centre Street
$2,575,000
$1,030/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Dec 2, 2022
About this deal
AI
The multifamily property located at 16-12 Centre Street in New York City has been sold. The seller, Henry Jacobs, enlisted the services of Luke Sproviero from Investment Property Realty Group (IPRG) as his representative in the transaction. The buyer, represented by Ari Harkov from Brown Harris Stevens, purchased the property for a total price of $2,575,000. The property spans approximately 2,500 square feet, resulting in a price per square foot of $1,030.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,575,000
- Address: 16-12 Centre Street, New York City
- Square Footage: 2,500
- Price Per Square Foot: $1,030
- Seller: Henry Jacobs
- Buyer's Representative: Ari Harkov - Brown Harris Stevens
- Seller's Representative: Luke Sproviero - Investment Property Realty Group (IPRG)
Ari Harkov from Brown Harris Stevens and Luke Sproviero from Investment Property Realty Group (IPRG) played pivotal roles in facilitating the transaction. They represented the buyer and seller, respectively, ensuring a successful deal.
Players
New York City 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
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93