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Nasir Sasouness Acquires East Harlem MultiFamily For $2.15M

Property Image
SOLD
$2,150,000
NS
VG

New York

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MultiFamily
Sold 07/13/2023
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Property Image
SOLD

Nasir Sasouness Acquires East Harlem MultiFamily For $2.15M

310-314 East 112th Street New York, New York 10029, USA

See Similar Deals
MultiFamily
Sold 07/13/2023
NS
VG
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

Nasir Sasouness has purchased two adjacent walkup buildings with a total of 49 units located at 310-314 East 112th Street in East Harlem, Manhattan. The transaction was completed for a total price of $4.3 million, with a per unit price of $48,878.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $4,300,000
  • Address: 310-314 East 112th Street, East Harlem, Manhattan
  • Number of Units: 49
  • Buyer: Nasir Sasouness
  • Seller: Vincent Garrow

This significant purchase by Nasir Sasouness adds to his real estate portfolio in East Harlem. The acquisition of these two buildings not only expands his holdings but also positions him as a key player in the multi-family property market in the area.

Players

NS
Nasir Sasouness
3 deals$10.4M volume
BUYER
VG
Vincent Garrow
3 deals$47.2M volume
SELLER

Details

SOLD
IMAGE: 07/13/2023 ADDRESS: 310-314 East 112th Street MARKET: East Harlem, Manhattan ASSET TYPE: MultiFamily BUYER: Nasir Sasouness SELLER: Vincent Garrow SALE PRICE: $2,150,000 UNITS: 49 ~ PPU: $48,878 NOTE: Nasir Sasouness purchased two adjacent walkup buildings with a total of 49 units at 310-314 East 112th Street in East Harlem, Manhattan, for a total of $4.3 million. ,Manhattan

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16