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260 West 132nd Street, New ...

Updated Dec 21, 2023

Eric C Lincoln Acquires Multifamily Property In Harlem, Manhattan For $3.2M
SOLDMultiFamily

Eric C Lincoln Acquires Multifamily Property In Harlem, Manhattan For $3.2M

260 West 132nd Street, New York City, New York 10027, United States

$3,200,000

$781/SF

Building Size

4,095 SF

Asset Type

MultiFamily

Closing

Sep 26, 2022

About this deal

AI

The multifamily property located at 260 West 132 Street in Harlem, Manhattan has been sold for a price of $3,200,000. The property has a building square footage (BSF) of 5,845 and a price per square foot (PPSF) of $547. The total square footage (SF) of the property is 4,095 with a price per square foot (PPSF) of $781. The lot size is 1,699 and the lot dimensions are 17 ft x 99.92 ft. The property falls under tax class 1 and has a floor area ratio (FAR) of 2.41. The permits for alteration were issued on 07/30/2015.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Buyer: Eric C Lincoln
  • Seller: Mary R Silverman
  • Building Square Footage (BSF): 5,845
  • Price per Square Foot (PPSF): $547
  • Total Square Footage (SF): 4,095
  • Price per Square Foot (PPSF): $781
  • Lot Size: 1,699
  • Lot Dimensions: 17 ft x 99.92 ft
  • Tax Class: 1
  • Floor Area Ratio (FAR): 2.41
  • Permits: Alteration 3 (07/30/2015)

In this transaction, Eric C Lincoln represented the buyer, while Mary R Silverman was the seller. The property is zoned as R7-2 and is situated in the Harlem market of Manhattan.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $781 per square foot on a published $3.2M for 4,095 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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