Updated Dec 4, 2024
Tapua Darlington Tunduwanii Acquires East Harlem Multifamily From Enercida Guerrero For $1.9M
312 East 119th Street
$1,900,000
$251/SF
Building Size
3,780 SF
Asset Type
MultiFamily
Closing
Mar 18, 2024
About this deal
AI
The multifamily property located at 312 East 119th Street in East Harlem, Manhattan, was sold for $1,900,000. This property comprises 3 units with a total area of 3,780 square feet, equating to a price per unit of $633,333 and a price per square foot of $503.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 3
- Square Footage: 3,780
- Price per Unit: $633,333
- Price per Square Foot: $503
- Address: 312 East 119th Street
- Market: East Harlem, Manhattan
- Buyer: Tapua Darlington Tunduwanii
- Seller: Enercida Guerrero
- Brokers: Jeff Reyngach & Sonia Levinsky - Compass
The sale of this property was facilitated by brokers Jeff Reyngach and Sonia Levinsky from Compass. They mentioned that this property presents an excellent investment opportunity, especially considering the planned completion of the 2nd train line in the area within the next year.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93