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16-12 Centre Street

Updated Sep 9, 2024

Henry Jacobs Sells Multifamily Property On Centre Street In New York City
SOLDMultiFamily

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

Luke Sproviero

Investment Property Realty Group (IPRG)

Broker

$876.5M

vol

230 deals

Broker

New York City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2.6M for 2,500 square feet (2022).

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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

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