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2034 3rd Avenue, New York C...

Abdoo Saleh Yahya Acquires Multifamily Property In East Harlem For $3.6M
SOLDMultiFamily

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

Ilan Cohen

Seller

$26.8M

vol

4 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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