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R New York Acquires $4.95M Multifamily In New York City

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SOLD
$4,950,000

New York

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MultiFamily3,309 SF
Sold 04/18/2023
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Property Image
SOLD

R New York Acquires $4.95M Multifamily In New York City

29 Prospect Place

See Similar Deals
MultiFamily3,309 SF
Sold 04/18/2023
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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.

Players

Stefani Berkin
9 deals$63.5M volume
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Details

SOLD
IMAGE: Ari Harkov & Stefani Berkin DATE: 04/18/2023 ADDRESS: 29 Prospect Place MARKET: New York City ASSET TYPE: Multifamily BUYER'S REP: Stefani Berkin (@StefBerkin) - R New York (@RNewYorkRealEstate) SELLER'S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) - Brown Harris Stevens (@BrownHarrisStevens) SALE PRICE: $4,950,000 UNITS: 2 ~ PPU: $2,475,000 SF: 3,309 ~ PPSF: $1,496

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$17,586.30
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