Updated Nov 4, 2023
Nasir Sasouness Acquires East Harlem MultiFamily For $2.15M
310-314 East 112th Street New York, New York 10029, USA
$2,150,000
Units
49
Asset Type
MultiFamily
Closing
Jul 13, 2023
About this deal
AI
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.
On the Map
$2,150,000
MultiFamily
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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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93