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167 East 102nd Street

The Cuomo Family Sells Multifamily Building On East 102nd St. In Harlem For $3.8M
SOLDMultiFamily

The Cuomo Family Sells Multifamily Building On East 102nd St. In Harlem For $3.8M

167 East 102nd Street

$3,800,000

$309/SF

Building Size

12,270 SF

Asset Type

MultiFamily

Closing

Jul 25, 2022

AI

The multifamily building located at 167 E. 102nd St. in Harlem has been sold in a transaction facilitated by Alpha Realty. The property, owned by The Cuomo Family, was sold for a price of $3,800,000. With a total square footage of 12,270, the price per square foot amounted to $309.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Address: 167 E. 102nd St.
  • Market: Harlem
  • Square Footage: 12,270
  • Price Per Square Foot: $309

Lev Mavashev and Shai Egison from Alpha Realty represented the seller, The Cuomo Family, in this deal. The transaction was referred to Alpha Realty by Development Site Advisors, who specialize in the sale of development sites. This successful collaboration between the parties involved showcases the expertise and professionalism of the brokers.

Congratulations to both the buyer and the seller for the completion of this transaction!

Players

Lev Mavashev

Alpha Realty

Broker

$751.3M

vol

107 deals

Broker

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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93