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
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
New York 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93