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Tapua Darlington Tunduwanii Acquires East Harlem Multifamily From Enercida Guerrero For $1.9M

Property Image
SOLD
$1,900,000

New York

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MultiFamily7,560 SF
Sold 03/18/2024
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Property Image
SOLD

Tapua Darlington Tunduwanii Acquires East Harlem Multifamily From Enercida Guerrero For $1.9M

312 East 119th Street

See Similar Deals
MultiFamily7,560 SF
Sold 03/18/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$251
Total Square Footage:7,560 SF
Transaction Type:Sale

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

Jeff Reyngach
6 deals$14.2M volume
BROKER

Sonia Levinsky
Compass
1 deal$1.9M volume(347) 788-9292
BROKER

Details

SOLD
IMAGE: Jeff Reyngach & Sonia Levinsky DATE: 03/18/2024 ADDRESS: 312 East 119th Street MARKET: East Harlem, Manhattan ASSET TYPE: Multifamily BUYER: Tapua Darlington Tunduwanii SELLER: Enercida Guerrero BROKERS: Jeff Reyngach (@JeffReyngach) & Sonia Levinsky (@SoniaLevinsky_RealEstate) - Compass (@Compass) SALE PRICE: $1,900,000 UNITS: 3 ~ PPU: $633,333 SF: 3,780 ~ PPSF: $503 NOTE FROM BROKER: Excellent buy and hold given the 2nd train line is slated to be complete in the coming year.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63