Updated Sep 9, 2024
Cristiano Bellavitis Acquires Multifamily Property In West Harlem For $1.775M
161 West 129th Street
$1,775,000
$541/SF
Building Size
3,280 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
About this deal
AI
The multifamily property located at 161 West 129th Street in West Harlem has been sold. The sale was completed on June 17, 2021. The transaction was facilitated by Stanley Montfort from Leslie J. Garfield. The property was purchased by Cristiano Bellavitis from the seller Andrew Bronsky.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Asking Price: $2,100,000
- Square Footage: 3,280
- Price per Square Foot: $541
Stanley Montfort from Leslie J. Garfield represented the buyer, Cristiano Bellavitis, in the transaction.
On the Map
$1,775,000
$541/SF
MultiFamily
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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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93