Multifamily Property At 2015 1st Avenue Sold For $2.3M With Brokers Shapiro, Brooks & Kontos
SOLD
New York
See Similar DealsMultiFamily12,900 SF
Sold 06/12/2025
SOLD
Multifamily Property At 2015 1st Avenue Sold For $2.3M With Brokers Shapiro, Brooks & Kontos
2015 1st Avenue
See Similar DealsMultiFamily12,900 SF
Sold 06/12/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:12,900 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 2015 1st Avenue in East Harlem. The sale price is $2,300,000, comprising 13 units, with a price per unit of $176,923. The total square footage of the asset is 12,900, resulting in a price per square foot of $178.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 13
- Price Per Unit: $176,923
- Square Footage: 12,900
- Price Per Square Foot: $178
- Market: East Harlem
The deal involved brokers Robert Shapiro, Ian Brooks, and Nicholas Kontos from CBRE representing the transaction. Their expertise contributed to the successful completion of the sale.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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