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
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