Abdoo Saleh Yahya Acquires Multifamily Property In East Harlem For $3.6M
2034 3rd Avenue, New York City, New York 10029, United States
$3,600,000
$1,092/SF
Building Size
3,296 SF
Asset Type
MultiFamily
Closing
Jul 19, 2022
AI
A multifamily property located at 2034 3 Avenue in East Harlem, Manhattan has been sold for $3,600,000. The property is zoned as R9, C2-5, EHC and has a lot size of 1,203. The building has a total square footage of 9,047, with a price per square foot of $397. The interior space measures 3,296 square feet, with a price per square foot of $1,092. The property last changed hands on July 26, 2018, for a price of $2,000,000. It received an alteration permit on March 10, 2010, and has lot dimensions of 24.71 feet by 48.67 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Market: East Harlem, Manhattan
- Asset Type: Multifamily
- Zoning: R9, C2-5, EHC
- Buyer: Abdoo Saleh Yahya
- Seller: Ilan Cohen
- Price per Square Foot: $397
- Square Footage: 9,047
- Interior Space: 3,296 square feet
- Price per Square Foot (Interior): $1,092
- Last Sale Price: $2,000,000 (07/26/2018)
- Permits: Alteration 2 (03/10/2010)
- Lot Size: 1,203
- Lot Dimensions: 24.71 ft x 48.67 ft
The buyer in this transaction was Abdoo Saleh Yahya, while the seller was Ilan Cohen.
Players
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93