R New York Acquires $4.95M Multifamily In New York City
SOLD
New York
See Similar DealsMultiFamily3,309 SF
Sold 04/18/2023
SOLD
R New York Acquires $4.95M Multifamily In New York City
29 Prospect Place
See Similar DealsMultiFamily3,309 SF
Sold 04/18/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,495
Total Square Footage:3,309 SF
Transaction Type:Sale
A multifamily property located at 29 Prospect Place in New York City has been sold for a total price of $4,950,000. The property consists of 2 units, with each unit having a price per unit (PPU) value of $2,475,000. The total square footage of the property is 3,309, resulting in a price per square foot (PPSF) of $1,496.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Units: 2
- PPU: $2,475,000
- Square Footage: 3,309
- PPSF: $1,496
The buyer in this transaction was represented by Stefani Berkin from R New York, while the seller was represented by Ari Harkov from Brown Harris Stevens.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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