Cristiano Bellavitis Acquires Multifamily Property In West Harlem For $1.775M
SOLD
$1,775,000
New York
See Similar DealsMultiFamily3,280 SF
Sold 06/17/2020
SOLD
Cristiano Bellavitis Acquires Multifamily Property In West Harlem For $1.775M
161 West 129th Street
See Similar DealsMultiFamily3,280 SF
Sold 06/17/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$541
Total Square Footage:3,280 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,306.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,414.41
Annual Debt Service$100,972.87
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