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238 E 106th St, New York, N...

BEB Capital Acquires MultiFamily Property In East Harlem For $14.25M
SOLDMultiFamily

BEB Capital Acquires MultiFamily Property In East Harlem For $14.25M

238 E 106th St, New York, NY 10029, USA, 238 E 106th St, New York, NY 10029, USA, 238 E 106th St, New York, NY 10029, USA & 238 E 106th St, New York, NY 10029, USA

Building Size

227,860 SF

Asset Type

MultiFamily

Closing

Feb 27, 2018

AI

Lee Brodsky of BEB Capital has acquired a multifamily property located at 238 East 106th Street in the East Harlem market of New York. The transaction, which took place on February 28, 2018, involved a total price of $14,250,000. The property spans across 18,860 square feet, resulting in a price per square foot of $755.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $14,250,000
  • Address: 238 East 106th Street, New York
  • Market: East Harlem

The seller of the property was Elisa Fadlun, President of East 106th St. Realty Development Corp. Brokering the deal were David Benharouch and Abie Kassin from Meridian Capital Group and Meridian Investment Sales.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
Lee Brodsky

Lee Brodsky

BEB Capital

Buyer

$301.8M

vol

23 deals

Buyer
BEB Capital
BEB Capital Lender

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93