Settlement Housing Fund Acquires Multi Family Property In Manhattan For $9M
212 W 133rd St, New York, NY 10030, USA
$9,000,000
$217/SF
Building Size
41,380 SF
Asset Type
MultiFamily
Closing
Dec 17, 2017
AI
The multi-family property located at 208 and 212 West 133rd Street in New York City has been sold for a price of $9,000,000. This affordable housing transaction involved the seller, Arker Companies, represented by Sol Arker, and the buyer, Settlement Housing Fund, represented by Alexa Sewell.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $9,000,000
- Seller: Arker Companies - Sol Arker
- Buyer: Settlement Housing Fund - Alexa Sewell
- Broker: Ariel Property Advisors - Victor Sozio
The deal was facilitated by Victor Sozio from Ariel Property Advisors. The multi-family property, located in Manhattan, is part of an affordable housing transaction.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93