Settlement Housing Fund Acquires Multi Family Property In Manhattan For $9M
SOLD
$9,000,000
New York
See Similar DealsMultiFamily41,380 SF
Sold 12/18/2017
SOLD
Settlement Housing Fund Acquires Multi Family Property In Manhattan For $9M
212 W 133rd St, New York, NY 10030, USA
See Similar DealsMultiFamily41,380 SF
Sold 12/18/2017
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:41,380 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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