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2032 5th Avenue, Manhattan,...

Harut Sagenda Acquires Multifamily Property In Harlem For $3.75M
SOLDMultiFamily

Harut Sagenda Acquires Multifamily Property In Harlem For $3.75M

2032 5th Avenue, Manhattan, New York, NY, USA

$3,750,000

$615/SF

Building Size

6,090 SF

Asset Type

MultiFamily

Closing

Feb 21, 2019

AI

Located in the vibrant neighborhood of Harlem, the multifamily property at 2032 5th Ave. recently changed hands in a closed transaction. The sale, which took place on February 22, 2019, involved a property spanning a total of 6,090 square feet. The asset was acquired by Harut Sagenda from Avi Feldman and Charles Hartman.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Address: 2032 5th Ave.
  • Market: Harlem
  • Square Footage: 6,090

In facilitating this sale, the buyer, Harut Sagenda, was represented by brokers Ilya Tolmasov, Aaron Jungreis, and John Brody from Rosewood Realty Group NY. Their expertise and experience in the real estate industry contributed to the successful completion of this transaction. The property's sale price of $3,750,000 reflects a price per square foot (PPSF) of $504, offering a competitive value for this multifamily asset in Harlem.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93