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160 East 103rd Street, Manh...

Updated Dec 21, 2023

Bilt advertisement
Victor Sozio & Mark Anderson Sell East Harlem Multifamily For $24M
SOLDMultiFamily

Victor Sozio & Mark Anderson Sell East Harlem Multifamily For $24M

160 East 103rd Street, Manhattan, New York, NY, USA

$24,000,000

$369/SF

Building Size

65,019 SF

Asset Type

MultiFamily

Closing

Dec 3, 2021

About this deal

AI

The multifamily property located at 160 East 103rd Street in East Harlem, Manhattan has been sold for $24,000,000. The transaction was facilitated by Victor Sozio and Mark Anderson from Ariel Property Advisors. The property consists of 60 units with an average price per unit of $400,000. It spans a total area of 65,019 square feet, resulting in a price per square foot of $369.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $24,000,000
  • Address: 160 East 103rd Street, East Harlem, Manhattan
  • Market: East Harlem, Manhattan
  • Brokers: Victor Sozio & Mark Anderson - Ariel Property Advisors
  • Units: 60
  • Price per Unit: $400,000
  • Total Square Footage: 65,019
  • Price per Square Foot: $369

Victor Sozio and Mark Anderson from Ariel Property Advisors played a pivotal role in facilitating the sale of this multifamily property. They represented the involved parties throughout the transaction, showcasing their expertise in the East Harlem, Manhattan market.

Players

Victor Sozio

Ariel Property Advisors

Broker

$2.5B

vol

117 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $369 per square foot on a published $24M for 65,019 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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