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Eduard Kandinov Acquires Multifamily Property On East 125th Street For $1.95M

Property Image
SOLD
$1,950,000

New York

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MultiFamily1,100 SF
Sold 04/17/2023
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Property Image
SOLD

Eduard Kandinov Acquires Multifamily Property On East 125th Street For $1.95M

20 East 125th Street

See Similar Deals
MultiFamily1,100 SF
Sold 04/17/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,772
Total Square Footage:1,100 SF
Transaction Type:Sale

A multifamily property located at 20 East 125th Street in New York City has recently been sold in a closed transaction. The property consists of 2 units and spans across 4,900 square feet. The sale price for this transaction was $1,950,000, resulting in a per unit price of $975,000. Additionally, the price per square foot for the property is $398.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 2
  • Price per Unit: $975,000
  • Square Footage: 4,900
  • Price per Square Foot: $398
  • Market: New York City

In this transaction, the buyer is Eduard Kandinov and the seller is Derrick Tait. The broker representing the deal is Valon Nikci from Link NY Realty.

This sale represents a record-breaking achievement in the real estate market. Valon Nikci, the broker from Link NY Realty, states that their firm has access to over 200,000 properties throughout NYC, Westchester County, and CT, including off-market, foreclosures, vacant lots, distressed properties, value-add opportunities, and off-market properties. Link NY Realty is a boutique commercial and residential real estate firm.

Players

VN
8 deals$30.7M volume(646) 321-9428
BROKER

2 deals$2M volume
BUYER

Details

SOLD
IMAGE: Valon Nikci DATE: 04/17/2023 ADDRESS: 20 East 125th Street MARKET: New York City ASSET TYPE: Multifamily BUYER: Eduard Kandinov SELLER: Derrick Tait BROKER: Valon Nikci - Link NY Realty SALE PRICE: $1,950,000 UNITS: 2 ~ PPU: $975,000 SF: 4,900 ~ PPSF: $398 NOTE FROM BROKER: Record Breaking Sale! We have access to over 200,000.00 properties throughout NYC, Westchester County & CT, including off-market, foreclosures, vacant lots, distressed properties, value add, and off-market properties. We are a boutique commercial and residential real estate firm.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94